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President Donald Trump is less concerned about how the American people are faring from his back-and-forth on tariffs than he is on how the stock market is reacting, according to an MSNBC political analyst.
During a Thursday broadcast that aired shortly after Trump reversed course on Mexico tariffs, anchor Chris Jansing asked, "Is there any consideration at all for the people whose lives, livelihoods, jobs, depend on all of this?"
"That seems to be less a consideration than what the markets are doing," answered analyst Elise Jordan, who worked in the George W. Bush White House. "And you had heard so many of Donald Trump's associates and business leaders say that when the markets start to go down, Donald Trump is going to get freaked out and he's going to reverse course. And we're seeing that happen a bit."
Trump announced on social media Thursday morning that he was pausing tariffs on Mexico for one month "as an accommodation, and out of respect for, President Sheinbaum."
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According to The New York Times, "Uncertainty stemming from the Trump administration’s mixed messages on tariffs on the country’s biggest trading partners is weighing on Wall Street," with stock indices continuing to plummet even after Trump's announcement on Mexico.
Jordan claimed Trump's chaotic method of imposing then rescinding tariffs "is just a disgusting exercise in power at the end of the day, to keep everyone around the world on the edge of their seats and living in this uncertainty."
She continued, "It's about more than just, you know, the stock market dropping. It's about people who are living paycheck to paycheck and wondering if they're going to still have a job to pay their rent, and if they're going to have food for their children. And, so, when someone like Donald Trump has ultimate power, we have seen he likes to have this cat and mouse, bait and switch."
English (US)