Ari Fleischer Warns Trump’s Tariffs Could End In ‘Terrible, Terrible Trade War’

ROBERTS Let s go ░░░░░░░░ tariffs which the president ░░░░░░░░ talked about He again ░░░░░░░░ that there will be ░░░░░░░░ quote little disturbance to ░░░░░░░░ during an adjustment period ░░░░░░░░ also said in terms ░░░░░░░░ the tariffs themselves there ░░░░░░░░ always be changes and ░░░░░░░░ though he said that ░░░░░░░░ would be very little ░░░░░░░░ saw that earlier this ░░░░░░░░ he put a 25 ░░░░░░░░ tariff on all goods ░░░░░░░░ out of Mexico and ░░░░░░░░ and then walked that ░░░░░░░░ to say goods and ░░░░░░░░ covered under the USMCA ░░░░░░░░ be exempt from that ░░░░░░░░ his critics are saying ░░░░░░░░ you know he says ░░░░░░░░ thing and then he ░░░░░░░░ another the next day ░░░░░░░░ do you say FLEISCHER ░░░░░░░░ ve been thinking a ░░░░░░░░ about tariffs because I ░░░░░░░░ up in the orthodoxy ░░░░░░░░ the Republican Party that ░░░░░░░░ are bad you don ░░░░░░░░ want trade wars you ░░░░░░░░ to have the reciprocal ░░░░░░░░ deals you can And ░░░░░░░░ along came Donald Trump ░░░░░░░░ his first term and ░░░░░░░░ put tariffs on China ░░░░░░░░ I didn t criticize ░░░░░░░░ I wanted to wait ░░░░░░░░ see how it went ░░░░░░░░ now he s putting ░░░░░░░░ on everybody It s ░░░░░░░░ big roll of the ░░░░░░░░ is really what Donald ░░░░░░░░ is doing And I ░░░░░░░░ it s only fair ░░░░░░░░ let it see how ░░░░░░░░ plays out It played ░░░░░░░░ well against China contrary ░░░░░░░░ Republican orthodoxy about what ░░░░░░░░ tariff trade policy should ░░░░░░░░ Let this play out ░░░░░░░░ Donald Trump I think ░░░░░░░░ using this as gigantic ░░░░░░░░ leverage and making the ░░░░░░░░ kind of taking his ░░░░░░░░ off the steering wheel ░░░░░░░░ the other side is ░░░░░░░░ to pull off the ░░░░░░░░ first He might be ░░░░░░░░ Smith Yeah FLEISCHER And ░░░░░░░░ is right about all ░░░░░░░░ existing tariffs that are ░░░░░░░░ America the value added ░░░░░░░░ that European countries have ░░░░░░░░ makes it harder for ░░░░░░░░ products to be sold ░░░░░░░░ Europe He s right ░░░░░░░░ the imbalance in the ░░░░░░░░ system He s rolling ░░░░░░░░ dice on how to ░░░░░░░░ it And it s ░░░░░░░░ big roll Smith Well ░░░░░░░░ mean I guess I ░░░░░░░░ finish by asking if ░░░░░░░░ knew the outcome of ░░░░░░░░ tariffs and we knew ░░░░░░░░ it only caused minimal ░░░░░░░░ and that it was ░░░░░░░░ transitory you know then ░░░░░░░░ would have been obviously ░░░░░░░░ way to go right ░░░░░░░░ it brings that much ░░░░░░░░ manufacturing and production back ░░░░░░░░ the United States as ░░░░░░░░ intends FLEISCHER And and ░░░░░░░░ Sandra exactly is why ░░░░░░░░ s a big roll ░░░░░░░░ the dice because at ░░░░░░░░ end of the day ░░░░░░░░ could be fantastic for ░░░░░░░░ country fantastic for our ░░░░░░░░ base fantastic for blue ░░░░░░░░ workers good for revenues ░░░░░░░░ it could be a ░░░░░░░░ terrible trade war in ░░░░░░░░ other nations don t ░░░░░░░░ down They actually increase ░░░░░░░░ tariffs and we counter ░░░░░░░░ increase our tariffs And ░░░░░░░░ can already see the ░░░░░░░░ and the uncertainty it ░░░░░░░░ having on financial markets ░░░░░░░░ you don t do ░░░░░░░░ when it comes to ░░░░░░░░ for short term financial ░░░░░░░░ That s a formula ░░░░░░░░ big mistakes and no ░░░░░░░░ term thinking But long ░░░░░░░░ is definitely a roll ░░░░░░░░ the dice Donald Trump ░░░░░░░░ dice roller We should ░░░░░░░░ know that by now ░░░░░░░░ think it s only ░░░░░░░░ Let it let s ░░░░░░░░ it play out ROBERTS ░░░░░░░░ right Well we ll ░░░░░░░░ if it comes up ░░░░░░░░ the hard way or ░░░░░░░░ it comes up snake ░░░░░░░░ Ari thank you Smith ░░░░░░░░ Ari.”