President Donald Trump and host Kristen Welker of the Press gave an explanation of tariffs and the economy on Sunday, as the president exploded with a "distrustful interview" to the host's face.
"It's already a dishonest interview. The price of groceries fell. The price of oil fell. The price of oil fell. The price of gasoline fell. The price of gasoline fell. The amount of gasoline was huge."
When Welker forced the cost of items such as tires and strollers, he dismissed the price increase in goods such as "peanuts compared to energy" and the president claimed his policies were cheaper. During Biden's sole term, gasoline prices peaked, with an average of $5.06 per gallon per gallon in June 2022, the highest on record. Prices of natural gas have been steadily falling since then, with the national gas price today at about $3.16 per gallon, according to AAA data.
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President Trump defended his tariff policy in a combative interview with the “Media Meet.” (Scott Olson/Getty Images)
"The stroller is going to rise. What kind of thing? I mean gasoline is going to fall. Gasoline is more important than a stroller or something."
"Maybe the kids will have two dolls instead of thirty dolls, maybe the cost of two dolls will increase by a few dollars," Trump said at his cabinet meeting on Wednesday. He denied that tariffs would result in empty store shelves, but did admit that some Americans might need to buy less.
“No need to have 250 pencils, they can have 5… I basically mean we don’t have to waste the trade deficit with China because we don’t need garbage, and we don’t need garbage.”
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Trump refuted Wall Street insiders saying his policies will lead to a recession. (Michael Nagel)
Trump announced that nearly every country in the United States was called "Liberation Day" on April 2, and he operated nearly every country in the United States except for 10% of the global tariffs. Taxes applied to friends and enemies, Vietnam was hit by 46% tariffs, and Israel charged 17% tariffs on goods exported to the United States.
A few days later, Trump quickly reversed his courses and paused mutual tariffs when facing concerns about the stock market nose and bond market. However, he maintained a 10% global tariff and a 145% tariff on Chinese goods. Mexico and Canada face 25% tariffs related to the fentanyl crisis.
Trump insists that his tariffs will "make us rich" and that the country has already profited from it. He said Americans have felt economic relief as mortgage rates and energy prices fall.
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Trump said Welk was conducting a "dishonest interview." (Screen shot/NBC)
“Although we have a stubborn Fed, mortgage rates are still falling…I can tell you, we are making a lot of money. We are doing well. Again, we lose more than $5 billion a day, $5 billion a day.
Trump rejected Welk's claims, saying Wall Street insiders were worried about the recession and said he had spoken with many on Wall Street who said his tariffs would bring good news to the economy.
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