"The Dumbest Trade War Fallout Begins," those are the words of the typically conservative Wall Street Journal.
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00:00The dumbest trade war fallout begins.
00:03Those are the words of the typically conservative Wall Street Journal.
00:06Stocks opening lower Monday, the Dow, S&P and Nasdaq falling dramatically on President Trump,
00:12enacting 25 percent tariffs on Mexico and Canada and 10 percent tariffs on China.
00:18Then suddenly, a reversal on all fronts after Mexican President Claudia Sheinbaum announced
00:25The tariffs on Mexico had been delayed by one month after a conversation with President Trump.
00:32All three of our biggest trade partners had indicated various retaliation was in order,
00:37with Ontario Canada already announcing it will pull all American alcohol from its government-run
00:44liquor shelves beginning Tuesday.
00:47President Trump said on social media prior,
00:49Will there be some pain?
00:50Yes.
00:51Maybe.
00:52And maybe not.
00:54But we will make America great again, and it will be worth the price that must be paid.