Trump Melts Down And Threatens US Companies For Wanting Illegal Tariff Money Back
Trump went on CNBC in an apparent effort to manipulate the stock market on the Iran war, but instead melted down and threatened US companies who want money illegally collected in tariffs back.
Trump is still counting on his ability to manipulate through lies to move markets and fool the American people. After the stock market finished down on Monday, and was set to start off down again on Tuesday, the president predictably went on CNBC to try to rally the markets.
It did not go well.
After Trump did not inspire confidence, despite being given several outs by MAGA CNBC host Joe Kernen to renounce a resumption of bombing Iran, the president would have none of it, and said that his mindset is that he is ready to go when it comes to killing Iranians.
Later, the conversation turned to Trump’s Fed Reserve Chair nominee, but that soon went off the rails and into tariffs.
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Trump said:
Jay Powell did us a big service in retrospect. I call him too late. He’s just too late. He’s always too late, except when he came to before the election, but that didn’t quite work out well for him. So the answer is, I want – I want Kevin. I think Kevin’s great. He’s really – he’s central casting in a true sense. Okay? I think he’s going to do a great job. Yeah, if there’s time for – I’ve been, I’ve been in favor of interest rate rises to stop inflation. I think it sort of is effective. But there’s one thing, and you – nobody ever talks about it but me, unfortunately, so I’m sure it’s not correct. I think it is.
We should be – we should have the lowest interest rate in the world. When I was a young guy growing up, we always had the lowest interest rate worldwide. We always did. And then 15 years ago, 20 years ago, it started where Switzerland and other people had lower rates than us. I just had a thing with – if you take a look at some of the, you know, let’s call them like elite countries. They’re only elite because we allow them to walk away with $30 billion and $40 billion a year. But I don’t do that so much anymore. I sort of put a clamp on that with the tariffs and charges that we charge them. Because they were elite, because they were making billions and billions of dollars from the United States, largely, and other reasons that they run a good operation.
But it’s easy to run it good when you make that much money, where we have these massive deficits with – you take a look at some of the countries. But Switzerland is one. They talk, oh yes, we are a small and brilliant – well, they’re brilliant because they pay us almost nothing. Now they pay little bit. They should pay much more. We’ll get that up a little bit. But if you take a look at Denmark, you take a look at all these countries, here, they think of him so good they pay such a low interest, say well, if we charge them, and what happened with me is I charged some of them, and they squawked like you wouldn’t believe it.
They called and we are a small country. All of a sudden I realized they’re not elite. We’re elite. We’re being sucked dry, and we can’t do that. And you’ll see that. You know, we had a little setback with the Supreme Court. They said, I can charge tariffs, but I have to do it a different way. And because of what they did, we have to pay back $160 billion. All they had to do is add one sentence, just one sentence, and that’s you don’t have to pay anything, take it in thus far back. But because they didn’t add – and by the way, it was a close call too. There were justices that were powerful that I was right on the tariffs, but because we lost by just two votes, you know, just little vote, two votes, we have to pay back $165 billion. They could have with a little one sentence. You don’t have to pay back tariffs that have already been received. You start from this point and you do it a different way. So we’re doing it a different way. We’re going to end up with the same, actually, we’ll end up with bigger numbers, actually. But it’s a little more unwieldy, but it’s the way it’s been done. But it’s so small –
…
The Supreme Court didn’t want to save our country with one sentence, $165 billion and we’re giving a lot of that money back to people that hate our country. So I’m not happy with the Supreme Court, I’ll be honest with you, okay?
Trump was asked about companies wanting their money back for his illegal tariffs, and he proceeded to threaten US companies.
