Trump gives off the rails statement as stock futures plummet - Brian Tyler Cohen

[TexasTowelie]

Reporter: on the idea of crashing the markets on
purpose there's been some speculation
partly because of the video that was
posted on Truth Social that there was
some sort of deliberate effort on your
part to have the market sell off can you
talk about that one?

Trump: no no not so but I
do want to solve the deficit problem
that we have with China with the
European Union and other nations and
they're going to have to do that and if
they want to talk about that I'm open to
talking but otherwise why would I want
to talk and uh as you know because of
the tariffs we have $7 trillion already
committed to be invested in the United
States building auto plants building uh
chip companies and all sorts of
companies are coming into our country at
levels that we've never seen before this
weekend can you tell us sir were there
any deals made i spoke to a lot of
leaders European Asian from all over the
world they're dying to make a deal but I
said "We're not going to have deficits
with your country we're not going to do
that." Because to me a deficit is a loss
we're going to have surpluses or we're
at worst going to be breaking even but
you know China would be the worst uh in
the group because the deficit is so big
and we're it's not sustainable and you
know I was elected on this this was one
of the biggest reasons I got elected was
exactly because of this and we're going
to put tariffs we've already put them on
it's not a question if we will we're
going to put them on and those tariffs
next year will make us $1
trillion in addition to the $1
trillion thousands of companies are
going to relocate back into the United
States in North Carolina already
furniture people are starting to move
back in in uh Detroit and Michigan which
I won because of when I said what I'm
telling you uh car companies are
starting to open up in Indiana a big one
is under construction as an example
Honda but uh they're moving in like
nobody has ever seen this before
so it's unsustainable for us to allow
China to have surpluses of a trillion
dollars we will be taking in over a
trillion dollars over the next short
period of time with the tariffs that
I've already instituted they're already
in place now what's going to happen with
the market i can't tell you but I can
tell you our country has gotten a lot
stronger and
eventually it'll be a country like no
other it'll be the most dominant country
economically in the world okay

BTC::let me start off with this donald Trump is
unhinged from reality this is a guy who
is doubling down on quite literally
unilaterally plunging the United States
into a recession he inherited the
strongest stock market in American
history and over the course of days will
have plunged us headirst into a bare
market according to one strategist if
tomorrow the S&P 500 falls more than 4%
for the third day in a row it'll be for
the first time since the Great
Depression all courtesy of the guy who
pretended that he felt your pain when he
was talking about the price of eggs
being a dollar higher thank God we
believe the eggs guy huh now let's get
to the heart of this issue donald
Trump's incessant claims that other
countries are ripping us off because of
trade imbalances i don't know where he
got this idea but he is a a trade
imbalance does not mean that we're
getting ripped off it means that we are
importing more than we export because
Americans want more of those imports
than foreign countries need of what
we're selling for example Madagascar
produces 80% of the world's vanilla we
don't produce vanilla here in the United
States and so we need it we need to
import it trump imposed a 47% tariff on
Madagascar because they don't import as
much from America as we import from them
madagascar is one of the poorest
countries in the world what goods are we
producing here that Madagascar is going
to be able to afford to balance that
deficit and so now we either won't have
vanilla or it'll just be more expensive
all because we're mad that Madagascar
isn't randomly importing expensive
American goods and beyond that who cares
if there's a trade imbalance that's not
a bad thing it just means that we need
more of their goods why are we punishing
foreign countries for selling us what we
need is the United States suddenly going
to become a vanilla producing country
overnight like what are we even doing
here trump is an idiot who thinks that
trade imbalances are bad when they are
not it's just a trade imbalance we
import what we need they import what
they need the notion that one of the
poorest countries in the world with a
population of 30 million as is the case
in Madagascar needs to import as much as
the richest country in the world with
350 million people is so aggressively
backwards and uninformed that this guy
would fail out of an econ 101 class if
he tried defending it on paper and so
now Trump has to pretend and let's be
clear he is pretending that everyone is
on board sir have you talked to any tech
leaders over the weekend about the
tariffs yeah I talked to the biggest in
the world i talked to the biggest of
them all uh many of them but I've talked
to uh I would say four or five that are
considered the biggest they know you
know what they said we don't blame you
who did you talk to uh I don't want to
say I I'll put it out i may give it to
you did he see you i have to find out if
they mind you know I don't know if that
was a confidential call or not but we
had five or six we talked to the biggest
tech leaders you've never seen so much
unonymity everybody agreed with me oh oh
who did I talk to oh well uh let's not
discuss that part this is the exact
energy of the kid who comes into school
bragging about his really hot supermodel
girlfriend but you guys don't know her
because she lives in Canada of course
there are no tech people on board with
this because it is insane voluntarily
ushering in a recession is not going to
help people in tech or any other sector
because destroying the US economy over a
mistaken understanding of trade is bad
for literally everyone except of course
in Donald Trump's adult mind and yet
Trump is so deluded that he still thinks
this is some master plan and that every
foreign country is running to the
negotiating table in reality this is the
headline that he's pretending doesn't
exist european Union agrees on first set
of US tariff countermeasures they're not
laying down they are fighting back and
what's worse it's not just the European
Union japan and South Korea are now
negotiating trade deals with China in
other words Trump claims to want to help
the US remain dominant on the world
stage amid an ascendant China and yet he
is quite literally driving the rest of
the world into China's hands amid the
news that the EU is negotiating
countermeasures Trump took the true
social to traffic in some more delusion
writing "We have massive financial
deficits with China the European Union
and many others the only way this
problem can be cured is with tariffs
which are now bringing tens of billions
of dollars into the USA they are already
in effect and a beautiful thing to
behold the surplus with these countries
has grown during the presidency of
sleepy Joe Biden we're going to reverse
it and reverse it quickly someday people
will realize that tariffs for the United
States of America are a very beautiful
thing okay let's get one thing clear
here when Donald Trump says that he's
bringing in trillions of dollars from
tariffs that is a tax on Americans that
is money that Americans are paying
tariffs are a tax on the consumer not on
foreign countries also surprise surprise
he found a way to attack Joe Biden you
know the guy who oversaw the strongest
economy in the world the addition of 16
million jobs a record high stock market
800,000 new manufacturing jobs and 21st
century clean energy manufacturing and
repatriation yeah apparently that guy
was terrible for America but this guy
you know the one who just unilaterally
crashed the American economy he's great
are you convinced yet so look I wish
that I can say that it was going to get
better before it gets worse but it won't
because Trump views any backtracking as
weakness as capitulation and so instead
he's going to double and triple and
quadruple down because he would rather
our economy get destroyed than risk his
fragile ego i hope that everybody who
voted for Donald Trump is looking at
this and recognizing what happens when
Republicans take control just like
George HW Bush ushered in a recession
that was cleaned up by Clinton just like
George W bush ushered in a recession
that was cleaned up by Obama just like
Trump won ushered in a recession that
was cleaned up by Biden these people
cosplay as economic masterminds when in
reality they are bumbling morons who
crash our economy every time
they take control hopefully this is
enough proof that there is no actual
relationship between Republican branding
and Republican
governing.