Fox host on White House capitulation on tariffs: “This is the art of the deal. This shows how strong our president is.”
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From the April 10, 2025, edition of Fox News' Fox & Friends
STEVE DOOCY (CO-HOST): Then on Wednesday, it was discovered that apparently the EU was about to come back with more retaliatory tariffs and hit the United States really, really hard on aluminum and steel. And so Lutnick and Bessent went into the president's office, and they said, we gotta do something. And they said, essentially, the — it wasn't Wall Street cratering. The tariffs have triggered a sharp selloff in U.S. government bond markets and the dollar, and the problem is the dollar is seen as the safe haven. And if there's nothing safe during that, it's a disaster. And so they pulled the plug. He put out the truth, and away we went.
LAWRENCE JONES (CO-HOST): Well, people never remember how it started. They only know how it ended, and that was many, that was much of the reaction. Bill Ackman wrote this: “This was brilliantly executed by @realDonaldTrump. Textbook, Art of the Deal." And I think there was a lot of Americans, Ainsley, cheering the president on, saying he got what he wanted and really started to focus on the real threat, which is China.
AINSLEY EARHARDT (CO-HOST): I was with a group of ladies when this all, when this news broke, and many of them work. Some work for Jamie Dimon. Some are — many of them work in banking. If they don't, their husbands do because most — it's so important here, in New York City. So, they were all hugging, fist-pumping, excited, clapping, thrilled with this news, and that's how the rest of the world felt too. This is the art of the deal. This shows how strong our president is. He has control of the markets all around the world, and he's not afraid to push back and make it fair. And he's saying, all I want is free and fair trade that's best for Americans, and that's what he did. So by pausing this, all of our 401(k)s are doing much better. This was a historic day on Wall Street.