Fox’s Gasparino Pleads with Trump Administration to ‘Stop Talking About Tariffs So Much’ Amid Market Selloff

GASPARINO a reaction to ░░░░░░░░ You know one thing ░░░░░░░░ people need to do ░░░░░░░░ is go back and ░░░░░░░░ Scott Bessent should do ░░░░░░░░ Read his old boss ░░░░░░░░ book George Soros The ░░░░░░░░ of Turbulence where he ░░░░░░░░ about herd mentality The ░░░░░░░░ is really negative right ░░░░░░░░ and it s focused ░░░░░░░░ tariffs And I think ░░░░░░░░ Scott Bessent needs to ░░░░░░░░ that s the Treasury ░░░░░░░░ I saw him at ░░░░░░░░ Economic Club and it ░░░░░░░░ a very wonky speech ░░░░░░░░ it was all about ░░░░░░░░ and trying to explain ░░░░░░░░ and all this stuff ░░░░░░░░ at the end he ░░░░░░░░ talking about all the ░░░░░░░░ stuff the candy that ░░░░░░░░ coming We re getting ░░░░░░░░ stuff coming from this ░░░░░░░░ And for the markets ░░░░░░░░ think some of this ░░░░░░░░ a sales job They ░░░░░░░░ to go out there ░░░░░░░░ maybe stop talking about ░░░░░░░░ so much and start ░░░░░░░░ about how we re ░░░░░░░░ to infuse the economy ░░░░░░░░ re going to release ░░░░░░░░ animal spirits We re ░░░░░░░░ to deregulate stuff MACCALLUM ░░░░░░░░ he has said in ░░░░░░░░ past yeah You know ░░░░░░░░ think those are enormously ░░░░░░░░ positive messages for businesses ░░░░░░░░ Absolutely MACCALLUM Especially you ░░░░░░░░ there been a number ░░░░░░░░ things in terms of ░░░░░░░░ on equipment all that ░░░░░░░░ of stuff GASPARINO Of ░░░░░░░░ MACCALLUM that business really ░░░░░░░░ loves And also the ░░░░░░░░ to you know to ░░░░░░░░ new businesses which is ░░░░░░░░ they want They ve ░░░░░░░░ a lot of business ░░░░░░░░ in from overseas and ░░░░░░░░ companies here in the ░░░░░░░░ States So all of ░░░░░░░░ very positive I think ░░░░░░░░ whipsaw effect of the ░░░░░░░░ are in the tariffs ░░░░░░░░ out and I see ░░░░░░░░ from you know small ░░░░░░░░ owners who are trying ░░░░░░░░ figure out their supply ░░░░░░░░ You know might try ░░░░░░░░ pay more on this ░░░░░░░░ less on that Do ░░░░░░░░ have to stockpile stuff ░░░░░░░░ my factories so that ░░░░░░░░ you know don t ░░░░░░░░ over GASPARINO Is he ░░░░░░░░ MACCALLUM Those things are ░░░░░░░░ GASPARINO Yeah And is ░░░░░░░░ serious or is he ░░░░░░░░ this as a negotiating ░░░░░░░░ We don t know ░░░░░░░░ there s always going ░░░░░░░░ be turbulence in the ░░░░░░░░ economic plan But again ░░░░░░░░ got to lead with ░░░░░░░░ best shot The best ░░░░░░░░ here is the tax ░░░░░░░░ I will say this ░░░░░░░░ and here s another ░░░░░░░░ that I m picking ░░░░░░░░ You get the impression ░░░░░░░░ the people in the ░░░░░░░░ House say well our ░░░░░░░░ are not being affected ░░░░░░░░ this That you know ░░░░░░░░ had a very good ░░░░░░░░ MACCALLUM What percentage of ░░░░░░░░ have money in the ░░░░░░░░ market GASPARINO Well you ░░░░░░░░ they all have 401 ░░░░░░░░ s but what percentage ░░░░░░░░ much MACCALLUM Still impacted ░░░░░░░░ GASPARINO How big are ░░░░░░░░ 401 k s And ░░░░░░░░ think they re making ░░░░░░░░ calculus that most Americans ░░░░░░░░ not do well over ░░░░░░░░ past four years They ░░░░░░░░ hit with inflation the ░░░░░░░░ was revved up by ░░░░░░░░ government by Joe Biden ░░░░░░░░ people could speculate rich ░░░░░░░░ in the stock market ░░░░░░░░ get around it Average ░░░░░░░░ working class couldn t ░░░░░░░░ that That theory is ░░░░░░░░ to be put to ░░░░░░░░ test.”