Did Fox News change Trump's mind on tariffs?

Business Insider

Donald Trump loves Fox News and Fox News loves Donald Trump. That's a long-standing symbiosis, rarely interrupted. But on Wednesday morning, Trump's favorite network pushed back on his tariff push. He changed course a few hours later.

Transcript

00:00Donald Trump changed his mind about tariffs this week.

00:03Why?

00:04One reason may be Rupert Murdoch and specifically Fox News.

00:07Sometimes we think about Donald Trump as a social media guy

00:10because he used to tweet a lot and now he's got Truth Social,

00:13his own social media platform.

00:15But he's really an old school media guy.

00:17He reads print newspapers and he watches cable TV,

00:21particularly Fox News.

00:22And for the first few days after Trump announced his tariff policy last week,

00:26if he watched Fox News, he saw people defending those policies.

00:29But on Wednesday, something had changed.

00:32Over on Fox and Friends, anchors were reading a New York Post story

00:35about a small business that was getting decimated by tariff costs.

00:39And on Fox Business, JPMorgan CEO Jamie Dimon was saying

00:42this country was probably headed for a recession.

00:45And Trump definitely saw the Dimon interview

00:47because he was posting about it that morning.

00:49A few hours later, he changed his mind.

00:51Well, I thought that people were jumping a little bit out of line.

00:56They were getting yippee.

00:58You can imagine a lot of different reasons why Trump had changed his mind.

01:01One notable one was the reaction of the bond market.

01:03But I'm pretty sure Fox played a role.

01:05You can read my whole story at businessinsider.com.

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