Fox News host Shep Smith unleashed on Donald Trump Thursday after the president renewed his trade war with China.
“Any notion that we are in a manageable trade dispute with China is now dispelled,” Smith warned at the top of his show. “This is a trade war. America just fired another shot, and you are about to pay. The trade talks with the Chinese effectively collapsed today. The president announced new tariffs today. The markets were retreated today — in a big way. The Dow was up nearly 300 points. Then the president tweeted about the new tariffs. That was 1:30 this afternoon. See it. Now the Dow is down 228. A more than 500-point plunge. What does this mean?”
Smith explained that everything the Chinese sells to the U.S. will be taxed at a higher rate. Every toy, piece of clothing, bag of tea and drop of oil, and American consumers are the ones footing the bill.
“First, the importers will pay it, then the distributors will pay up, and the stores will pay it, then they will pass it to you,” he said. “The buck stops with you. You pay. That’s how this works. Always. It’s a new tax on things you buy, and the president says it starts next month. Big picture: If you and everyone else is paying more for stuff, over time you will have to buy less of stuff, that hurts the economy here and everywhere else. That is what trade wars do.”
He explained that the constant threats trying to manipulate negotiations are failing to do anything to help; instead, they’re doing the opposite. The result is higher prices and a weaker economy.
There’s already a 25 percent tax on industrial items, and Trump’s new tariff will institute a new 10 percent tax on everything else.
Watch Smith’s opener below:
Trump blames Ocasio-Cortez for two Democrats who were nearly barred from Israel
President Donald Trump tweeted out Sunday that Democrats are ready to wage war against Israel because the prime minister followed his direction to ban Congresswomen from coming to the country.
Israel backed off after an uprising from both conservative and liberal groups, saying the purpose of any international visit should be to help educate, regardless of the support for the country.
"House Democrats want to take action against Israel because it is fighting back against two (maybe four) people that have said unthinkably bad things about it & the Israeli people. Dems have such disdain for Israel! What happened? AOC Plus 4 is the new face of the Democrat Party!" Trump announced.
‘Part of me wanted to leave’: Lone attendee of Steve King town hall turns out to be a ‘hungover’ Democrat
Rep. Steve King (R-IA) is being told to resign by members of his own party who are tired of his overt racism. While many Republicans might exhibit racist tendencies and make apologies for the president's racism, King says things out loud the GOP would just assume he keep quiet on. The true test, however, comes from King's own district and whether or not they're willing to reelect him in November.
The key revelation came at a recent townhall King held, where the only person who attended was a hungover Democrat. The Iowa Starting Line reported the pathetic event, where it seemed more members of the press were willing to show up than actual constituents.
‘I’m the one who calls the shots’: Trump rails against Fox News for giving him ‘his worst polls’
President Donald Trump explained why Fox News has drawn his ire and that they need to realize he's the one in control of them.
In a conversation on the tarmac in Morristown, New Jersey on his way back to Washington, Trump said that Fox News has not been good to him lately.
"Fox is a lot different than it used to be, I can tell you that," Trump said.
In an earlier Twitter rant, the president went off on Juan Williams for being "nasty and wrong."