Former US ambassador: Trump reindustrializing America

Former US Ambassador Carla Sands says Trump is reindustrializing America after years of failed economic and energy policies. #Trump

Transcript

00:00Carla, what do you think? Is a recession in America now inevitable?

00:03Well, they've been talking about recession both under Joe Biden's presidency and now

00:07Donald Trump's presidency. The fact is the American economy is extremely resilient.

00:13I don't know that we're going to have a recession. Nobody knows. We're speculating. But the fact is

00:18that this is a momentary blip in the stock market. It was overdue for a correction. We have seen a

00:24stratospheric rise in stock prices. And everyone knew that it was frothy out there. Everybody knew.

00:31And as a matter of fact, what President Trump is doing is purposeful. He broadcasted openly. He

00:39didn't hide what he was going to do. He said that he was going to reset trade. He said he was the

00:44king of tariffs, that he loves tariffs, the word tariff the most. Everybody knew what was coming.

00:49And many countries had already been messaging, look, we want to invest in the U.S. We want to

00:53build a plant there. They already knew what to do. President Trump is re-industrializing the United

00:59States after decades of de-industrialization and really bad economic policy and bad energy policy

01:06that pushed companies offshore to other countries where there were lower wages,

01:12lower energy costs, where they had less regulation. He's deregulating and re-industrializing us so that

01:19the United States stays resilient and can continue to be a great world power. You can't be a service

01:26economy and be a great world power.