• Latest
  • Trending
  • All
  • News
  • Business
  • Lifestyle
Charles Payne Says ‘Fear Mongering’ Over Market Must Stop, Points To How US Has Thrived From Tariffs

Charles Payne Says ‘Fear Mongering’ Over Market Must Stop, Points To How US Has Thrived From Tariffs

February 4, 2025
Judge Downplays Communications With Climate Activists While His Testimonial Tops Their Website

Judge Downplays Communications With Climate Activists While His Testimonial Tops Their Website

July 22, 2025
Appeals Court Smacks Down Blue State Sanctuary Law Banning ICE Detention Contracts

Appeals Court Smacks Down Blue State Sanctuary Law Banning ICE Detention Contracts

July 22, 2025
Breaking: Ozzy Osbourne Dies at 76

Breaking: Ozzy Osbourne Dies at 76

July 22, 2025
Oil Giants Turn Back On Global Group Pushing ‘Net Zero’ On Energy Industry

Oil Giants Turn Back On Global Group Pushing ‘Net Zero’ On Energy Industry

July 22, 2025
Top NPR Editor To Exit Amid Federal Funding Cuts

Top NPR Editor To Exit Amid Federal Funding Cuts

July 22, 2025
History Poised To Repeat Itself As TX Dems Mull Using Same Tactic That Failed 22 Years Ago

History Poised To Repeat Itself As TX Dems Mull Using Same Tactic That Failed 22 Years Ago

July 22, 2025
Federal Judge Wants More Information Before Ruling On Releasing Epstein Testimony

Federal Judge Wants More Information Before Ruling On Releasing Epstein Testimony

July 22, 2025
Columbia University Drops Hammer On Anti-Israel Demonstrators A Year After ‘Disruptions’

Columbia University Drops Hammer On Anti-Israel Demonstrators A Year After ‘Disruptions’

July 22, 2025
Elon’s Spat With Trump May Cost Him Mammoth Contracts For Golden Dome

Elon’s Spat With Trump May Cost Him Mammoth Contracts For Golden Dome

July 22, 2025
Senate Republicans’ Campaign Arm Smokes Dem Rival In 2025 Fundraising

Senate Republicans’ Campaign Arm Smokes Dem Rival In 2025 Fundraising

July 22, 2025
White House Sparks Reaction After Removing WSJ From Scotland Press Pool 

White House Sparks Reaction After Removing WSJ From Scotland Press Pool 

July 22, 2025
‘This Was Treason’: Trump Says He Wants DOJ To Target Obama Over Alleged 2016 Election Plot

‘This Was Treason’: Trump Says He Wants DOJ To Target Obama Over Alleged 2016 Election Plot

July 22, 2025
  • Donald Trump
  • State of the Union
  • Elon Musk
  • Tariffs
  • Congress
  • Faith
  • Immigration
Tuesday, July 22, 2025
  • Login
IJR
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls
No Result
View All Result
IJR
No Result
View All Result
Home News

Charles Payne Says ‘Fear Mongering’ Over Market Must Stop, Points To How US Has Thrived From Tariffs

by Daily Caller News Foundation
February 4, 2025 at 12:03 am
in News, Wire
250 2
0
Charles Payne Says ‘Fear Mongering’ Over Market Must Stop, Points To How US Has Thrived From Tariffs
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Daily Caller News Foundation

Fox Business host Charles Payne said Monday that the “fear mongering” over the stock market due to President Donald Trump’s tariffs needs to stop, adding that tariffs have benefited the U.S. in the past.

In response to the “national emergency” of illegal migrants and transnational drug trafficking, Trump announced Saturday an additional 25% tariff on imports from Canada and Mexico, along with a 10% tariff on imports from China. On “Jesse Watters Primetime,” Watters asked Payne for his thoughts on Trump’s negotiation tactics, noting that some countries have already reached deals with the president.

“The economic part of this, the trait and balance of all of this is what I think President Trump really wants to get at. Now, there’s another component to that, and that’s these American companies that have chosen to set up shop right over the border in Mexico. They complain about, ‘Well, look, it’s a supply chain. A car goes to America, then Canada, then Mexico, then America,’” Payne said. “Why? It doesn’t have to!”

“What’s really nuts about it is if you take a few points off of these major corporations off their bottom lines, and the stock went down today, six months from now, it’ll be higher. Six years from now, it’ll be 100% higher. I mean, the market adjusts. OK. The stock doesn’t trade at a P.E. ratio of 26. It trades at a P.E. ratio of 25. It adjusts. All of this near-term fearmongering, really, we have to get past this,” Payne added.

Just two days after the president implemented the tariff order, China, Mexico, and Canada were in talks with Trump to settle a deal and reach an agreement. In Mexico’s response Monday morning, Mexican President Claudia Sheinbaum announced she would deploy 10,000 of her country’s National Guard soldiers to the southern border to curb the flow of drugs and illegal immigration, in exchange for a month-long pause on their 25% tariff.

However, following Trump’s announcement of the tariffs, Democrats pushed claims that tariffs would drive up prices for Americans. Payne continued to push back against their narrative, arguing that tariffs do not automatically lead to inflation.

WATCH:

“We were told wrong. That was the craziest part about all of this is you just go and check history,” Payne said. “For instance, tariffs mean automatic inflation. Look at Smoot-Hawley. Well, go look at it! It was the greatest deflationary period of our time. In fact, that was the issue. ‘Well, tariffs can hurt the economy.’”

“Look at the Roaring Twenties. We had the Emergency Tariff Act in 1921. Then we have the Fordney-McCumber Act in 1922 that went all the way through 1930. The market [went] up 500%. Go back to McKinley. The same thing,” Payne said. “It’s so ironic. Tariffs actually worked, and they worked very well.”

Payne went on to say that the president has also pushed for both Greenland and then making Canada the 51st state, adding that tariffs could help drive “businesses back” to the U.S.

“We want to bring manufacturing back. We want to really, really secure long-term prosperity. A few years ago, when all the experts said China was going to pass America, what was the main reason for that? China plays the long game. We got to play the long game,” Payne added. “You have people out there one hour into the tariffs already declaring us losers. So we’ve got to play a longer game. The longer game is actually using our might while we have it.”

(Featured Image Media Credit: Screenshot/Fox News/”Jesse Watters Primetime”)

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Tags: DCNFU.S. NewsUS
Share196Tweet123
Daily Caller News Foundation

Daily Caller News Foundation

Advertisements

Top Stories June 10th
Top Stories June 7th
Top Stories June 6th
Top Stories June 3rd
Top Stories May 30th
Top Stories May 29th
Top Stories May 24th
Top Stories May 23rd
Top Stories May 21st
Top Stories May 17th

Join Over 6M Subscribers

We’re organizing an online community to elevate trusted voices on all sides so that you can be fully informed.





IJR

    Copyright © 2024 IJR

Trusted Voices On All Sides

  • About Us
  • GDPR Privacy Policy
  • Terms of Service
  • Editorial Standards & Corrections Policy
  • Subscribe to IJR

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls

    Copyright © 2024 IJR

Top Stories June 10th Top Stories June 7th Top Stories June 6th Top Stories June 3rd Top Stories May 30th Top Stories May 29th Top Stories May 24th Top Stories May 23rd Top Stories May 21st Top Stories May 17th