President Trump loves the back and forth with the press.
The President doesn’t shy away from answering questions.
And Donald Trump blindsided Peter Doocy with this jaw dropping response.
President Trump took the biggest gamble of his political career when he imposed sweeping tariffs.
Trump hit all countries with a universal 10 percent tariff and the countries that took the most advantage of America with reciprocal tariffs.
The stock market tanked in response, sinking 1,700 points on the fears that tariffs would slow economic growth, spike inflation, and send the country into a recession.
Fox News White House correspondent Peter Doocy asked President Trump about the Wall Street Meltdown before Trump left Washington.
“The markets today are way down — the worst day in years — because of the tariffs,” Doocy stated. “So, how’s it going?”
Trump didn’t waver on his tariff plan, saying the import duties were step one in an operation to revive a sick patient.
“I think it’s going very well,” Trump replied. “It was an operation, like when a patient gets operated on.”
Joe Biden left behind $36 trillion in debt, soaring interest rates, and a manufacturing sector ravaged by decades of globalization.
President Trump argued his tariffs would rebalance the scales and that companies were already investing trillions of dollars in America to avoid getting tariffed on their products.
“It’s a big thing. I said this would exactly be the way it is. We have six or seven trillion dollars coming into our country, and we’ve never seen anything like it,” Trump continued.
Trump assured Americans that the stock market would eventually boom as countries lined up to negotiate fairer trade deals with the United States to gain relief from tariffs.
“The markets are gonna boom; the stock is gonna boom; the country is gonna boom; and the rest of the world wants to see if there is any way they can make a deal. They’ve taken advantage of us for many, many years. For many years, we’ve been at the wrong side of the ball; and I’ll tell you what, I think it’s gonna be unbelievable.” Trump stated.
Aboard Air Force One, Trump expanded upon his plan for tariffs as a negotiating tactic.
“It depends if somebody said that we’re going to give you something that’s so phenomenal, as long as they’re giving us something that’s good,” Trump told reporters when asked if these tariffs were designed to force deal making.
Trump explained that tariffs could come in handy as a chip to trade to get Communist China to approve a deal to sell the social media app TikTok, which federal law is set to ban since the Chinese use it as a tool to spy on Americans.
“We have a situation with TikTok where China will probably say ‘We’ll approve a deal but will you do something on the tariffs?’” Trump declared. “The tariffs give us great power to negotiate. They always have. I’ve used them very well in the first administration,” adding, “Now we’re taking it to a whole new level.”
President Trump is known for the “Art of the Deal.”
There is panic in the stock market over these tariffs.
But the President is telegraphing that they are part and parcel of a broader negotiation to end unfair trade practices and will ultimately benefit the American worker.
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