'The markets are not healing': CNBC host snaps at Trump comment as Wall Street reels
CNBC "Squawk Box" host Andrew Ross Sorkin fired back at Donald Trump in real time on MSNBC Thursday after the president crowed about the success of his "Liberation Day" on Truth Social.
Appearing on "Morning Joe" to discuss the president's decision to impose tariffs worldwide –– including two islands that contain no human inhabitants –– the normally unflappable Sorkin was explaining the economic chaos Trump set in motion on the U.S and world markets when he was alerted to the Trump social media post.
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With "Morning Joe" host Mika Brzezinski reading Trump's post that stated in all-caps, "The operation is over! The patient lived, and is healing. The prognosis is that the patient will be far stronger, bigger, better, and more resilient than ever before. Make America great again!!!" she asked her guest, "How are the markets reacting?"
"The markets are not healing, no, no!" he exclaimed. "We are down–– we're down 3 percent on the Dow, if not more. And the big question, we've talked about this before is, you know, to bring back manufacturing to the U.S., for companies to actually have to make real decisions now about what to do."
"Some of them are going to bring back manufacturing to the U.S. and they may do it quickly, but there's going to be a lot more who are going to try to play politics and play chicken and say, 'You know what? I don't know whether in 3 or 4 years from now, these tariffs will still be the same and if they're not, it's going to take me 3 or 4 years for my factory that I'm going to build to be online anyway. So you know what? I'm going to take the chance that things are going to not go so well,' and therefore these will get changed or eliminated or shifted, or the politics in the United States will otherwise adjust."
He then advised, "And if that's the case, the next couple of years is going to be very complicated because it means that nobody's going to make any investment –– it's going to freeze that investment."
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