Markets suggest Trump is losing trade war he started
The Beat with Ari Melber
Ari Melber, MS NOW
4.6 • 4.2K Ratings
🗓️ 7 March 2025
⏱️ 41 minutes
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| 0:00.0 | Welcome to the beat. I'm Ari Melbert. Our top story night starts with a really simple point. |
| 0:05.3 | Can you claim to start a war if you surrender immediately? I mean, Donald Trump's often portrayed |
| 0:11.4 | himself, sometimes politically effectively, as a, quote, tough warrior, picking fights, winning |
| 0:17.1 | showdowns, treating everything in politics and governing as just another battle. |
| 0:24.0 | It's a kind of endless performance of the Braveheart type character. |
| 0:28.4 | And whether it's true or not, whether it makes sense or not, whether it's strong leadership |
| 0:32.5 | or not, Trump sees himself as that sort of individual. |
| 0:37.0 | And he presents himself that way. |
| 0:39.2 | But that's just the show. |
| 0:43.1 | What we're dealing with, and it affects a lot of people's lives and jobs tonight, |
| 0:47.5 | is how that show crumbles at Trump's own chosen battles. |
| 0:51.6 | He is surrendering right now as president in his promised trade war, |
| 0:55.1 | caving on the tariffs he threatened, vowed, and then very briefly started. He's reversing himself |
| 1:01.6 | because of reality. The show, the Braveheart, the movie, the imagery, all of that may work |
| 1:07.8 | some of the time on some of the people who want to believe what he says. But now there's |
| 1:11.5 | been a reality check in the markets and from the public. And Trump is basically backing down on |
| 1:17.2 | the new promised tariffs across North America. He says for at least a month, but it might be forever. |
| 1:23.9 | It's the opposite of what he in Brave Horror mode said he would do at the start of this very week. |
| 1:32.6 | On the tariffs, is there any room left for Canada and Mexico to make a deal before midnight? |
| 1:36.8 | And should we expect those Chinese tariffs, the extra 10% to take? |
| 1:39.9 | No room left for Mexico or for Canada. |
| 1:43.3 | No, the tariffs, you know, they're all set. |
... |
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