O’Grady on Tariffs: I Suspect Trump Will Go Back to the Table ‘Because We Will Have a Recession’

RUSH TRANSCRIPT BESSENT My ░░░░░░░░ to every country right ░░░░░░░░ is do not retaliate ░░░░░░░░ back take it in ░░░░░░░░ s see how it ░░░░░░░░ Because if you retaliate ░░░░░░░░ will be escalation but ░░░░░░░░ you do not retaliates ░░░░░░░░ is the high watermark ░░░░░░░░ That was secretary treasurer ░░░░░░░░ Bessent on Wednesday warning ░░░░░░░░ do not retaliate against ░░░░░░░░ Trump s terrorists U ░░░░░░░░ trading partners consider their ░░░░░░░░ moves For more in ░░░░░░░░ growing fallout from the ░░░░░░░░ trade war I m ░░░░░░░░ by Wall Street Journal ░░░░░░░░ Jason Riley What are ░░░░░░░░ markets and the real ░░░░░░░░ telling us about the ░░░░░░░░ about the Trump tariff ░░░░░░░░ O GRADY The biggest ░░░░░░░░ everyone was saying when ░░░░░░░░ came the uncertainty would ░░░░░░░░ Wednesday came and went ░░░░░░░░ certainty is as high ░░░░░░░░ ever Nobody knows what ░░░░░░░░ going to happen here ░░░░░░░░ think what you ve ░░░░░░░░ and the markets is ░░░░░░░░ getting to the sidelines ░░░░░░░░ had a U S ░░░░░░░░ that was very healthy ░░░░░░░░ are getting to the ░░░░░░░░ to wait and see ░░░░░░░░ s going to happen ░░░░░░░░ there are negotiations to ░░░░░░░░ they do not seem ░░░░░░░░ be any negotiations Either ░░░░░░░░ commerce secretary of their ░░░░░░░░ to traders to our ░░░░░░░░ is suggesting at the ░░░░░░░░ barriers came down we ░░░░░░░░ be an income from ░░░░░░░░ revenue per on the ░░░░░░░░ hand they seem to ░░░░░░░░ saying since countries are ░░░░░░░░ badly that s we ░░░░░░░░ the trade barriers the ░░░░░░░░ is of countries that ░░░░░░░░ were going to open ░░░░░░░░ in Europe says were ░░░░░░░░ to read this that ░░░░░░░░ the other thing is ░░░░░░░░ going to go back ░░░░░░░░ the table I suspect ░░░░░░░░ will because we will ░░░░░░░░ a recession it will ░░░░░░░░ a bad recession at ░░░░░░░░ status quo remains free.”