The Trump's Officer of the Cabinet admits that the president acts on emotion in the trade war

This is an extract adapted from the episode of March 13 of All in with Chris Hayes.

The President of the United States, the man with nuclear codes, is angry, emotional and acting irregularly. It is not my judgment, it is essentially what his own defenders of the cabinet say.

On Thursday, Donald Trumps, the secretary of commerce, Howard Lunick, joined Bloomberg Television to talk about how the president is shocked that the trade war he launched against the allies closest to the Americas, Canada and the European Union, suddenly explodes on his face.

All this occurs for literally no reason other than Trump fights with our neighbors.

The president was completely bored that Europeans did this, said Lunick. He cares about America and he wants to take care of the Americans. And why do Europeans choose Kentucky Bourbon, Harley-Davidson Motorcycles? When Lunick was asked if it was an emotional response from the president, he called the movement of the disrespectful EUS.

He wants these countries to respect him, and all this has shown you, is that Europe and Canada do not respect Donald Trump, added Libnick. If you make him unhappy, he responds unhappy.

In Wall Street, actions continue to lower in the midst of fears of higher prices of Trumps prices and threats. The S&P 500 fell 10% below its top of all time on Thursday, which made concerns among investors that a sale could occur soon. The Nasdaq is already in this worrying territory. The Dow Jones was on the right track for its worst week since this series of high -level bank failures in 2023.

All this occurs for literally no reason, except that Trump fights with our neighbors. Now that our neighbors retaliate, Trump is a big crazy, throwing new threats from massive prices and the annexation of foreign territories.

In a vicious climbing cycle, Canada and the EU responded to Trumps prices by imposing new Taxes on US exports, including on signature American products as, as Larick, whiskey and motorcycles mentioned. When Trump heard of these reprisals, he lost it essentially and made a disturbed article on Truth Social:

The European Union, one of the most hostile and abusive and price authorities in the world, which has been trained for the sole purpose of taking advantage of the United States, has just put a nasty price of 50% on whiskey. If this price is not immediately removed, the United States will soon place a 200% rate on all wines, champagnes and alcoholic products leaving France and other countries represented by the EU. It will be great for wine and champagne companies in the United States

Now, to be clear, the United States is not technically champagne companies, but we are the largest champagne market and many other French wines. Trump threatens a tax on such a high level that the price of a bottle of wine would mainly double for Americans. All those who understand trade understand that this is crazy. I think even people who do not understand trade understand that it's crazy.

It was a point that even Emma Tucker, editor -in -chief of the Wall Street Right Journal, did Thursday. [The] The mood has changed roughly since all the prices started to arrive, said Tucker on Fox Business. I think companies now realize that Trump is seriously about it, but the problem they have is that they are very randomly imposed, and this creates so much instability. When asked if companies would adopt consumers' costs, Tucker finally said they should do so.

An hour after this interview, Trump posted again on Truth Social:

The Globalist Wall Street Journal has no idea what they are doing or say. They belong to the polluted thought of the European Union, which has been formed with the main purpose of kissing the United States of America. Their thought (WSJ!) Is outdated and weak and very bad for the United States.

Later at the White House, seated next to the secretary general of NATO, Trump asked a question about his prices and began to think, once again, on the territorial conquest of Canada, another member of NATO. Trump also talked about annexing Denmark Greenland.

Overall, the American president spent his day boring and emotional on the trade war he launched, then obsessed a little more on the manufacture of Canada and Greenland part of America. All CEOs, investors and ordinary people panicked on the economy.

And it seems that no one will stop him at least, certainly not the secretary of the Treasury Scott Bessent, who tried and failed to make a positive turn on this current economic disaster. In an interview on CNBC on Thursday, Bessent said that the Trump administration focused on the real economy.

I’m not concerned about a little three -week volatility, said Bessent. The reason why actions are a safe and excellent investment is that you look in the long term. If you start to look at the micro-horizons, the actions become very risky.

It has become so bad that even Tesla, the company of electric cars belonging to Trumps, the unleashed co-president Elon Musk, is concerned about the impact of prices on his results. In an unsigned letter, the company warned Trumps trade representatives that the presidents' trade war would make cars more expensive in America.

A person familiar with the process of sending the letter declared to the Financial Times: it is a polished way of saying that the bipolar tariff regime is at Tesla's vision. The person added: he is not signed because no one in the company wants to be dismissed for sending him.

Chris Hayes

Chris Hayes organizes everything with Chris Hayesat 8 p.m. Tuesday from Friday on MSNBC. He is the editor -in -chief of the nation. Former member of the Harvard University Edmond J. Safra Foundation Center for Ethics, Hayes, was a Bernard Schwartz scholarship holder at the New America Foundation. His latest book is The Sirens Call: How the attention has become the most threatened resource of the worlds (Penguin Press).

Allison Detzel contributed.

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