Media strategist Michael Jabri-Pickett says Trump strongly believes in tariffs and has no intention of backing away from them. #Trump #Tariffs
Category
đ
NewsTranscript
00:00And, Michael, I just wanted to have a talk about the stock markets. I mean, if we talk
00:05about the U.S. market, it opened significantly lower this morning. We saw the tech-heavy
00:10Nasdaq that was down over 5%. Listen, the European market is also lower, but not to
00:18the extent. Do you think we could see Trump attempting to U-turn, to claw back support?
00:25Do you think he's got a bit of buyer's remorse, maybe?
00:28I don't think so. I think he is, I heard someone explain quite basically that Trump likes tariffs.
00:36He believes in them. And J.D. Vance has been out speaking along the similar lines. He is
00:43very much in favor, trying to get the American public to understand that there is going to
00:48be some short-term pain, but for long-term gain. I don't think Trump is going to be wanting
00:54to claw anything back. I think he wants this. He may want to use it as a bit of a foreign
01:01policy tool, which tariffs traditionally are not used as. But I think he's wanting to have
01:08these conversations with countries. But I also think that he doesn't want the tariffs
01:13to go anywhere. He believes in them and he wants them.