TRUMP: “There are no tariffs.”
HOST: *confused*
TRUMP: “No, there are no tariffs — all you have to do is build your plant in the United States and you don’t have any tariffs. That’s what I want.”
AUDIENCE: *applause*
TRUMP: “What does the Wall Street Journal know? They’ve been wrong about everything. So have you, by the way… you’ve been wrong all your life on this stuff.”
BLOOMBERG: Are those who claim your policies will drive up inflation wrong?
TRUMP: “I had four years of no inflation.”
Interviewer: You’re talking about 10-20% tariffs on the rest of the world. That is going to have a serious effect on the rest of the economy.
President Trump: “I agree it’s going to have a massive effect — positive effect… it must be hard for you to spend 25 years talking about tariffs as being negative and then have somebody explain to you that you’re totally wrong.”
On 10/15/2024, Trump sat down with Bloomberg editor-in-chief John Micklethwait at the Economic Club of Chicago to discuss his economic plans. The interview quickly became a total rout for Trump when the subject turned to tariffs. As TGP readers know, Trump was the first President in decades to put our country first on the issue of trade by hiking tariffs on countries refusing to play fair and ripping off America instead. Micklethwait thought he could ‘educate’ the 45th President on this issue anyway. This was a poor decision, as Trump humiliated him with just one sentence. He humorously points out how embarrassing it must be for Micklethwait to finally confront a person who can ably point out how wrong he is on the subject, which caught Micklethwait off-guard.
MICKLETHWAIT: You’re talking about 10-20% tariffs on the rest of the world. That is going to have a serious effect on the overall economy.
Yes, you’re gonna find some people who will gain from individual tariffs. The overall effect could be massive to the economy.
TRUMP: I agree. I agree. It’s gonna have a massive effect. Positive effect.
(Crowd applauds)
TRUMP: I know how committed you are to this, and it must be hard for you to spend 25 years talking about tariffs being negative and then have somebody explain to you that you’re totally wrong.
(The crowd erupts in laughter)
MICKLETHWAIT: 40 million jobs is a lot to rely on…
TRUMP: They’re all coming back.
MICKLETHWAIT: There’s 40 million jobs in America that rely on trade.
TRUMP: You ready? John Deere, great company; they announced a year ago they’re going to build big plants outside of the United States. They’re going to build them in Mexico.
MICKLETHWAIT: And you also threatened them before, and they stopped.
TRUMP: That’s right. I said if John Deere builds those plants, they’re not selling anything into the United States. They announced just yesterday that they’re probably not going to sell to build the plants, okay?
https://www.facebook.com/HygoNewsUSA/videos/8622217261177469
Audience Erupts in Laughter, Trump humiliated Bloomberg on Tariffs: you’re totally wrong 25 years