At a press briefing, Speaker Emerita Pelosi slammed President Trump's tariff policy.
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00:00Well, that's what we're doing this week across the country.
00:29To have that drumbeat across America so that the administration hears the voices of those, not in a partisan way, but in a practical way as to what they mean.
00:41Now, the Secretary of Treasury, was it this morning, he said something like, they have like a three-step thing.
00:49First, escalation.
00:52We're going to raise the tariffs all over, and that's frightening.
00:55Then, negotiation.
00:56Okay, now negotiation, when is that happening?
01:01And then, at the end, we may not have an agreement, but we will just move on and have some solution, but it's not an agreement.
01:13And without an agreement, we're just fooling ourselves as to what he has done.
01:20No matter what happens in these negotiations, he still has that 10% out there, which is a big increase in the tariffs.
01:28So, this is a really stupid approach that this administration is taking.
01:35And they're saying, well, we're close with this country or that country, but we may not have an agreement.
01:41We'll just have friendship or something.
01:44But that's not the certainty that our small businesses need, whether you're flowers from large – I talked to the former president of Columbia recently about flowers coming from Columbia.
01:56We've been in the Caribbean, where flowers come here from the Caribbean to make sure that, again, that we have fair trade, that we have fair trade, that what they're sending here is not undermining our workforce.
02:11But – so you have understandings, but that isn't – that isn't what escalation created in terms of the uncertainty.
02:24So, again, what we can do is just keep saying, understand this.
02:29When he did the pause, you know, he didn't know what he had done in the first place.
02:34So, when the business community, big business community said, look what's happening to the bond market because of what you're doing to the stock market, he then put the pause on.
02:47And then, you know, he said, this is how I plan to do it all along.
02:52Really?
02:54Really?
02:54To have that uncertainty.
02:56So, it doesn't look like – we don't even know who's calling the shot, whether it's the president, whether it's Navarro, whether it's Secretary of Treasury, but they seem to be saying different things.
03:05So, all we can do is recognize the importance of outside mobilization.
03:11Inside maneuvering, all of that is important, but the outside mobilization makes all the difference.
03:17So, that's why I'm so grateful to all – for your unselfish, taking the time, but also the courage to come out and speak of your situations.
03:27And this is happening, as I say, around the country.
03:30And hopefully, they will listen to small businesses as they listened to big business in that room when they first did the tariffs, and then they did a pause because of the bond market, which was important for them to do.
03:44But we shouldn't have been in that situation.