Trump Says, 'Sometimes You Have To Take Medicine,' When Asked How Much Stock Fall He'll Tolerate

2 days ago

On Air Force One, President Trump responded to a question about how much stock market drop he'll tolerate.

Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:

https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript

Stay Connected
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com

Transcript

00:00It should be.

00:01Is there a Trump put, though?

00:02Is there a pain in the market?

00:03At some point, you're unwilling to tolerate this idea of a Trump put.

00:04Is there a threshold?

00:05I think your question is so stupid.

00:06I mean, I think it's a...

00:07I don't want anything to go down, but sometimes you have to take medicine to fix something.

00:19And we have such a horrible...

00:23We have been treated so badly by other countries because we had stupid leadership that allowed

00:29this to happen.

00:30They took our businesses.

00:31They took our money.

00:32They took our jobs.

00:33They moved it to Mexico.

00:34They moved it to Canada.

00:35They moved a lot of it to China.

00:36And it's not sustainable.

00:37We're not going to do it.

00:38Now we have hundreds of billions of dollars that's pouring into our country on a monthly

00:39basis.

00:40It's pouring.

00:41It's already started because they put tariffs on it.

00:42And eventually, it's going to straighten out, and our country will be solid and strong again.

00:43Elon Musk has said he hopes for zero tariffs between the U.S. and China.

00:44Is that true?

00:45I don't know.

00:46I don't know.

00:47I don't know.

00:48I don't know.

00:49I don't know.

00:50I don't know.

00:51I don't know.

00:52I don't know.

00:53Well, the problem is that Europe has made a fortune with us.

01:04You know, Europe also has had a tremendous surplus with the United States.

01:08Europe has treated us – it's a little smaller – but they've treated us very,

01:14very badly.

01:15China has, but Europe has also.

01:16Europe has been very, very bad to us.

01:17Europe has taken our leaders for a ride.

01:21our leaders for a ride.

01:24They don't take our cars.

01:25They don't take our food products.

01:27They don't take anything.

01:29And we take their cars, Mercedes, Volkswagen, BMW.

01:33You know, we take their millions of cars.

01:36They take no cars.

01:37They don't take our farm product.

01:39They don't take anything.

01:40Europe's treated us very badly.

01:42We put a big tariff on Europe.

01:44They are coming to the table.

01:45They want to talk.

01:47But there's no talk unless they pay us a lot of money

01:50on a yearly basis, number one for present,

01:53but also for past,

01:55because they've taken a lot of our wealth away,

01:57and we're not going to allow it to happen.

Trump Says, 'Sometimes You Have To Take Medicine,' When Asked How Much Stock Fall He'll Tolerate

Category

Transcript

Recommended