Fox Business’s host Charles Payne said on Monday that Donald Trump’s tariffs in the stock market needed to stop, and tariffs had benefited the United States in the past.
Trump announced on Saturdays of 25 % of additional tariffs on imports from Canada and Mexico on Saturdays and 10 % of tariffs on imports from China in response to the “national emergency” that crosses the border. I did. At Jesse Waterters Primetime, Wattors asked his pane about his thoughts on Trump’s negotiation tactics, and that some countries had already reached transactions with the president.
“The economic part of this, all the characteristics and balance of this are what President Trump really wants to get. There is another factor now. It is to set up a store on the border of Mexico. These American companies chose, “Well, it’s a supply chain. “Why? You don’t have to do it!”
“The truly sorry thing about it will be higher if the stock decreases in six months, and it will be 100 % higher in six months, in six months. The market is not all over 26. No, “said Pane.
Just two days after the President made a tariff order, China, Mexico and Canada have been in consultation with Trump to solve the transaction and reach the agreement. In a Mexico Monday morning answer, Mexico’s President Claudia Shainbaum said at 10,000 at the border of her country to suppress the flow of drugs and illegal immigrants in exchange for a 25 % pause. It was announced that it will expand on the border.
However, following the announcement of Trump tariffs, the Democratic Party promoted claims that tariffs would raise Americans. Pain continued to oppose their story and argued that tariffs would not automatically lead to inflation.(Related: Marco Rubio tells Megin Kelly that Trump’s Greenland bid is not a joke).
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“We were told that we were wrong. That’s just to go and check history,” Paine said. “For example, tariffs means automatic inflation. Look at Smoot-Hawley. Now, look at it! It was the biggest deflation period of our era. In fact, it was a problem.” Well, tariffs can hurt the economy.
“Look at the 20s of the RO sound. I underwent an emergency tariff law in 1921. After that, there was the Ford Neemcunbar Law in 1922, which has progressed until 1930. [went] 500 % increase. Return to McKinley. The same is true, “said Pain. “It’s very ironic. Customs duties actually worked and functioned very well.”
Pain continued, saying that the president had promoted both Greenland and made Canada 51st.
“I want to regain the manufacturing industry. We really want to secure a long -term prosperity. When all experts say that China passes the United States a few years ago What was the main reason? “You are already there an hour after you have declared our losers, so you need to play a longer game. Long games actually use our power. Masu.”
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