Lemire: Trump Had To Cave Because of External Pressures; They Are Trying To Spin This as a Victory When It’s Really a Retreat

GEIST Yeah And the ░░░░░░░░ markets did come roaring ░░░░░░░░ yesterday John but not ░░░░░░░░ even to the point ░░░░░░░░ they were just eight ░░░░░░░░ ago when all this ░░░░░░░░ So let s talk ░░░░░░░░ how he got to ░░░░░░░░ place We re seeing ░░░░░░░░ you go down the ░░░░░░░░ of White House advisers ░░░░░░░░ you look at the ░░░░░░░░ secretary they re all ░░░░░░░░ this was a brilliant ░░░░░░░░ This was the art ░░░░░░░░ the deal the White ░░░░░░░░ spokesperson they re all ░░░░░░░░ his book from the ░░░░░░░░ But what really happened ░░░░░░░░ Obviously he was watching ░░░░░░░░ markets tank telling people ░░░░░░░░ be cool hang tough ░░░░░░░░ of those posts before ░░░░░░░░ the pause button yesterday ░░░░░░░░ did he get to ░░░░░░░░ 90 day pause LEMIRE ░░░░░░░░ blinked let s put ░░░░░░░░ clearly Yeah I wrote ░░░░░░░░ this for today as ░░░░░░░░ Taking us behind the ░░░░░░░░ here This is obviously ░░░░░░░░ worth of unhappiness We ░░░░░░░░ seen the markets collapse ░░░░░░░░ his so called Liberation ░░░░░░░░ of last week He ░░░░░░░░ hearing from Republicans at ░░░░░░░░ end of last week ░░░░░░░░ the weekend privately concerned ░░░░░░░░ look this is a ░░░░░░░░ market situation We re ░░░░░░░░ about it We re ░░░░░░░░ 401 k s dissapear ░░░░░░░░ re seeing the stock ░░░░░░░░ vanish Treasury secretary Scott ░░░░░░░░ who was largely out ░░░░░░░░ the mix last week ░░░░░░░░ himself over the weekend ░░░░░░░░ time with Trump on ░░░░░░░░ made the case let ░░░░░░░░ make this targeted Not ░░░░░░░░ to go public with ░░░░░░░░ not saying do away ░░░░░░░░ the tariffs entirely but ░░░░░░░░ s be a little ░░░░░░░░ about these And then ░░░░░░░░ president I am told ░░░░░░░░ people close to him ░░░░░░░░ the last couple of ░░░░░░░░ saw a bunch of ░░░░░░░░ senators on cable news ░░░░░░░░ Senator Kennedy among them ░░░░░░░░ did some media appearances ░░░░░░░░ here on Morning Joe ░░░░░░░░ he saw saw the ░░░░░░░░ And more than anything ░░░░░░░░ was indeed the bond ░░░░░░░░ Some of his closest ░░░░░░░░ advisers saying this is ░░░░░░░░ difference between potentially a ░░░░░░░░ and a depression GEIST ░░░░░░░░ LEMIRE And Trump didn ░░░░░░░░ want to own that ░░░░░░░░ I m told yesterday ░░░░░░░░ know they his team ░░░░░░░░ trying to spin this ░░░░░░░░ a win you know ░░░░░░░░ inside and outside the ░░░░░░░░ House his biggest supporters ░░░░░░░░ this is the art ░░░░░░░░ the deal or look ░░░░░░░░ clever it is that ░░░░░░░░ ve isolated China down ░░░░░░░░ road And then and ░░░░░░░░ is certainly an appetite ░░░░░░░░ taking on China although ░░░░░░░░ are going to be ░░░░░░░░ of that as well ░░░░░░░░ But this is this ░░░░░░░░ not the plan This ░░░░░░░░ he had he had ░░░░░░░░ cave because of these ░░░░░░░░ pressures There were some ░░░░░░░░ within his team that ░░░░░░░░ him there as well ░░░░░░░░ then they re trying ░░░░░░░░ spin this as a ░░░░░░░░ when it was really ░░░░░░░░ retreat.”