00:00President Trump talked about tariffs on the campaign trail. I think probably a
00:03lot of voters thought that he was talking about the kind of targeted
00:05tariffs that he implemented in the first term and not these global tariffs that
00:10have diminished, wiped 6.6 trillion dollars of wealth off of Wall Street. But
00:16I have to say he didn't, when he was campaigning, talk about the pain that he
00:19is now acknowledging. And I have to say we're getting a very Pollyannish
00:24view of what's happening from the Trump administration. I disagree with that, Jake.
00:29So let me just finish the question. Let me just finish the question and then you can answer it.
00:31That's not right.
00:32But there is, there seems to be a lack of
00:34acknowledgement of the real pain and panic people are feeling right now. And I
00:37don't know if you saw it because you were on TV, but there was a moment on
00:40Thursday, you were on Fox Business, you were praising President Trump's
00:44leadership, celebrating these tariffs, and all the graphics surrounding you, again
00:48this is on Fox Business, showed the markets in a nosedive. And so you
00:53disagree that I'm saying, I say there seems to be a disconnect between what
00:57you're saying and the reaction in the world. Tell me why you disagree.
01:01Listen, the president has, even in a State of the Union, I believe, he said that there
01:06will be some uncertainty. When we did the targeted tariffs in 2017,
01:1118, 19 with China, I mean, listen, I was in the West Wing. I was helping run his
01:16domestic policy agenda. I was in those conversations. Secretary Sonny Perdue, the
01:20Secretary of Agriculture, put together a fund, basically, that allowed us to make
01:26whole farmers and ranchers that were immediately, you know, hurt and had to
01:31have some mitigation efforts. That happened. So the idea that we didn't know
01:34that there would be some uncertainty just isn't, it just isn't true. We knew
01:38there would be uncertainty. But to take Thursday or Friday, and as we are
01:44basically laying out the vision that the president effectuated in the Rose Garden
01:48on Wednesday, and to say, oh the world is ending, the markets are crashing, the
01:51markets are adjusting. Anytime you've got a strong leader who's looking at the
01:57long term, not how do I make sure Jake Tapper says nice things about me on
02:00State of the Union, oh maybe I shouldn't do the tariffs today, that just isn't how
02:04this president operates. He operates in how do I save a country that for 100
02:09years has been sliding toward decline as we have moved all of our manufacturing
02:13out into the world, as we have bowed at the altar of other countries tariffs, as
02:18we have watched our farmers and our ranchers, again, can't get our corn into
02:22Mexico, can't get our dairy into Canada, have Honduras buying more pork and
02:26poultry than the entire European Union, have a 700% tariff from Japan on our
02:31rice. This is not okay and it is not sustainable. And for us to continue to
02:36build our agriculture, which is the backbone of our country, but also our
02:40manufacturing base, our energy, etc. For us to be able to do that, we have to put
02:45America first. So those tariffs as the economy, the market begins to adjust, we
02:50will see a more positive as we move, I believe very quickly.
Comments