Nicolle Wallace on the Impact of Trump’s Tariff Whiplash ‘Death by a Thousand Cuts Approach’

Wallace This afternoon we ░░░░░░░░ all surrounded by the ░░░░░░░░ pieces of our own ░░░░░░░░ shattered by the uncertainty ░░░░░░░░ on again off again ░░░░░░░░ again off again tariffs ░░░░░░░░ as of yet unexplained ░░░░░░░░ war On that front ░░░░░░░░ weekend Donald Trump blinked ░░░░░░░░ again backing off a ░░░░░░░░ he made days ago ░░░░░░░░ the implementation of a ░░░░░░░░ percent tariff on the ░░░░░░░░ Union The European Union ░░░░░░░░ America s second largest ░░░░░░░░ partner behind China Trump ░░░░░░░░ those tariffs by more ░░░░░░░░ one month The stock ░░░░░░░░ jumped at that news ░░░░░░░░ but in so doing ░░░░░░░░ again just how much ░░░░░░░░ Street and the individual ░░░░░░░░ and retirement values of ░░░░░░░░ Americans are at the ░░░░░░░░ of Donald Trump s ░░░░░░░░ changing whims That chaos ░░░░░░░░ confusion comes at a ░░░░░░░░ not just for investors ░░░░░░░░ business owners but for ░░░░░░░░ workers for truck drivers ░░░░░░░░ restaurant owners for the ░░░░░░░░ normal people who make ░░░░░░░░ world go round This ░░░░░░░░ The Wall Street Journal ░░░░░░░░ Ruben Diaz typically hauls ░░░░░░░░ container loads of goods ░░░░░░░░ day in a rented ░░░░░░░░ rig between southern California ░░░░░░░░ sprawling ports and warehouses ░░░░░░░░ of miles away Now ░░░░░░░░ 38 year old is ░░░░░░░░ to find two loads ░░░░░░░░ week and is being ░░░░░░░░ less for them following ░░░░░░░░ sharp drop in imports ░░░░░░░░ the ports of Los ░░░░░░░░ and Long Beach Late ░░░░░░░░ afternoon he refueled at ░░░░░░░░ Sunshine Truck Stop after ░░░░░░░░ off a single empty ░░░░░░░░ at the port He ░░░░░░░░ he would be left ░░░░░░░░ about 50 after deducting ░░░░░░░░ for truck rental insurance ░░░░░░░░ diesel and was considering ░░░░░░░░ up as a self ░░░░░░░░ driver I am just ░░░░░░░░ but I am not ░░░░░░░░ to make it he ░░░░░░░░ Now that s just ░░░░░░░░ person suffering the consequences ░░░░░░░░ of those shards of ░░░░░░░░ shattered glass New York ░░░░░░░░ today reports on another ░░░░░░░░ saga of a small ░░░░░░░░ in Vermont that sells ░░░░░░░░ steel water bottles with ░░░░░░░░ patented nozzle After five ░░░░░░░░ the company Bivo was ░░░░░░░░ to becoming profitable but ░░░░░░░░ the drop in tariffs ░░░░░░░░ month to 30 percent ░░░░░░░░ 145 percent on most ░░░░░░░░ goods was a relief ░░░░░░░░ in the way that ░░░░░░░░ flood is better than ░░░░░░░░ tsunami The duties on ░░░░░░░░ s bottles are higher ░░░░░░░░ 30 percent because of ░░░░░░░░ material they are made ░░░░░░░░ and how they re ░░░░░░░░ by trade officials Bivo ░░░░░░░░ are not that are ░░░░░░░░ insulated are subject to ░░░░░░░░ that add up to ░░░░░░░░ percent and the rate ░░░░░░░░ insulated bottles is 37 ░░░░░░░░ Trump has frequently said ░░░░░░░░ foreign businesses that ship ░░░░░░░░ to the U S ░░░░░░░░ the tariffs but in ░░░░░░░░ importers like Bivo pay ░░░░░░░░ duties to the federal ░░░░░░░░ when goods arrive at ░░░░░░░░ U S port Donald ░░░░░░░░ s death by a ░░░░░░░░ cuts approach to the ░░░░░░░░ S economy is where ░░░░░░░░ start today.”