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Deadline: White House

“Trump’s tariff roller coaster”

Deadline: White House

MSNBC

News, Donald Trump, Daily News, The White House, Nicolle Wallace, Politics, Nbc News, Washington Dc, Msnbc, Government

4.66K Ratings

🗓️ 16 May 2025

⏱️ 87 minutes

🧾️ Download transcript

Summary

Nicolle Wallace on Trump’s lack of tariff deals despite his promises, low consumer sentiment amid rising fears of inflation, and the MAGA infighting causing trouble for Trump. Joined by: Justin Wolfers, Charlie Sykes, Lisa Rubin, John Brennan, Mike Schmidt, Maria Aspan, Rev. Al Sharpton, Tim Miller, Allen Orr, and Kristy Greenberg.

Transcript

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0:00.0

Hi, everybody, TGIF. It's four o'clock in New York, a sharp new turn in Donald Trump's

0:13.1

tariff roller coaster ride today. Donald Trump telling the world and the American consumers

0:18.5

brace for a brand new round of tariffs.

0:21.5

At the end of his foreign trip, Trump announced that the administration will start

0:25.2

sending out letters to trading partners to let them know of new tariff rates.

0:29.9

Watch.

0:31.1

We have at the same time 150 countries that want to make a deal, but you're not able to see that many countries.

0:39.4

So at a certain point, over the next two to three weeks, I think Scott and Howard,

0:44.0

we'll be sending letters out essentially telling people, it would be very fair,

0:48.3

but we'll be telling people what they'll be paying to do business in the United States.

0:54.6

So essentially be paying to be doing business in the United States.

0:59.2

I guess you could say they could appeal it.

1:01.2

But for the most part, I think we're going to be very fair.

1:03.9

But it's not possible to meet the number of people that want to see us.

1:10.4

Check your mailbox.

1:12.1

We're sending you a letter.

1:13.7

What?

1:15.1

What?

1:16.2

What? What happened to all the deals that the administration was going to make?

1:20.8

What happened when Donald Trump climbed down from his so-called reciprocal tariff rates?

1:26.5

Trump officials then tried to save face

1:28.6

when that almost collapsed the global economy

...

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