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

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