Fox News' Shep Smith tosses Trump’s own words back in his face as his trade war sends the stock market into chaos

Fox News' Shep Smith tosses Trump’s own words back in his face as his trade war sends the stock market into chaos
Fox News

During today’s edition of Shepard Smith Reporting, Fox News host Shepard Smith tore into President Trump’s lofty proclamations about his trade wars.

“‘Trade wars are good, and easy to win,’ so said President Trump. Today, not so much,” Smith said at the outset of his segment, adding that experts are speculating that a recession is on the way thanks to Trump’s trade war.

“This is not about the Federal Reserve,” Smith said. “It’s about the trade war — the ‘good and easy to win’ trade war.”

Smith said that although Trump’s words have “sent the markets on violent swings,” they are “just words. There is no change.”

“Tariffs are in place,” Smith continued. “They are already costing the American family an average of $600 to $800 a year, depending on who’s doing the measuring. More tariffs are slated for this Sunday. That means on Monday prices go up — prices on school supplies and clothing, food and diapers and wine, you name it. And still, more tariffs in October, then more in December.”

Smith reminded viewers that “tariffs are taxes and American consumers pay them.”

“That hurts Americans. It hurts consumers and it will hurt more because prices will go up on Monday. It’s already hurting farmers and manufacturers because China isn’t buying their crops and goods.”

Watch the full segment below:

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal
{{ }}
@2022 - AlterNet Media Inc. All Rights Reserved. - "Poynter" fonts provided by