President Donald Trump has tried to remake the U.S. economy in his own image — and MSNBC's Joe Scarborough said that was causing "chaos" across global financial markets.
The president arrived Tuesday in Saudi Arabia for the start of three days of summits in the Middle East that will blend business and diplomacy, and he sparked backlash from some of his leading MAGA allies by accepting a $400 million Boeing 747 from Qatar's royal family as the next presidential aircraft.
"For Republicans and I think also people in the MAGA crowd, what makes them nervous is, of course, Qatar has been a funder of Hamas, they've been a funder of Hezbollah, they've been a funder of terrorist states for a very long time," said the "Morning Joe" host. "So obviously they're expressing concerns, Republicans are expressing concerns."
Trump has inserted himself personally into foreign business dealings in a way that his predecessors have not, Scarborough said.
"We're talking about the economics of all of this, and, you know, I have been saying from the beginning," he said, "when people are talking about the stock market going down to 20,000 and, and, and the U.S. economy melting down, that, first of all, just with during the Biden administration and before that, the Trump and the Obama administration, people, people want to invest in the United States of America, and they're going to look for excuses to invest in the United States of America.
"But I've also been saying that when Donald Trump makes these deals, the stock market's going to go back up and we're up to 40,000, you know, got down to 36,000. It's up to 42,000, and he has countries that are desperate to make deals with him right now, and we've seen this in foreign policy as well."
"The Iranians never wanted to do deals – he killed [Qasem] Soleimani," Scarborough added, referencing a senior military officer who was assassinated.
"I know a lot of us a lot of us were talking about how dangerous this was and how much it upped the ante, and, of course, we found out that that actually put the Iranians back on their heels, and now they're willing to deal with him."
Trump's insistence on extracting concessions in every deal hurt America's position, Scarborough said.
"I'm saying this is chaos," Scarborough said. "It is hard for foreign leaders to follow, it's hard for people in Wall Street to follow. You just wonder if this isn't just, again, his approach to economics and his approach to foreign policy, because he believes he can intimidate people into making deals with him."
Watch the video below or at this link.
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