
President Donald Trump retorted a reporterâs ânasty questionâ on whether he is âchickening outâ on tariff policy during a Wednesday event.
A CNBC reporter asked about The Financial Timesâ columnist Robert Armstrong coining the term, âTrump Always Chickens Outâ (TACO trade), which criticizes Trumpâs on-and-off again tariff threats. The president aggressively pushed back at the idea that he is chickening out by explaining that tariffs change through negotiating fair trade policies.
âYou mean because I reduced China from 145% that I set down to 100 and then down to another number and said âyou have to open up your whole countryâ and because gave the European Union a 50% tariff and they called up and said âplease, letâs meet right now.â And I said âokay,â I actually asked them, I said âwhatâs the date?â Because they werenât willing to meet and after I did what I did, they said âweâll meet anytime you want.â And we have an end date of July 9. You call that chickening out? ⌠Itâs called negotiation. You set a number.â
Trump announced a 90-day pause on all reciprocal tariffs except for China, where he raised tariffs from 104% to 145% on April 10 over the countryâs retaliation. Following negotiations with China, Trump agreed to lower the tariffs from 145% to 30%, while Chinaâs retaliatory tariffs on the U.S. dropped from 125% to 10%.
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âBut donât ever say what you said. Thatâs a nasty question,â Trump told the reporter. âTo me, thatâs the nastiest question.â
Trump threatened to impose a 50% tariff on the European Union (EU) on June 1 over their lack of trade concessions during the 90-pause. The president announced on Sunday that he agreed to delay the tariff until July 9 after discussing the matter with Ursula von der Leyen, the president of the European Commission.
Von der Leyen said she had a âgood callâ with Trump and needed more time to reach a trade deal.
Armstrong, who alleged that Trump is chickening out on tariffs, argued in The Financial Times piece that he keeps backing off from high tariffs because he does not have the tolerance for âmarket and economic pressure.â
The president announced the reciprocal tariffs on several countries on April 2, which he deemed âLiberation Day,â which sent shockwaves across international markets. The pause allowed room for several negotiations with foreign countries to establish fairer trade practices and to return manufacturing to the U.S.
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