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Speaker 1: So has the Trump still blink? Is the white flag up?

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Speaker 1: His latest approach to China and tariffs appears to be

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Speaker 1: that he's going to back down and significantly. Currently the

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Speaker 1: tariffs one hundred and forty five percent of that level. Realistically,

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Speaker 1: it's an ambigo. The market, of course, once they heard

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Speaker 1: that news yesterday got a bit fizzed up. Doug Halseeken

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Speaker 1: is a former advisor to Senator John Mccainey's with the

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Speaker 1: American Action Forum these days. He's with us. Good morning

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Speaker 1: and good warning to you as well, before we deal

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Speaker 1: with the specifics. What's your sense of this whole tariff

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Speaker 1: thing so far?

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Speaker 2: Well, I think it's been just a real problem for

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Speaker 2: the US and the global economy in general. It was

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Speaker 2: rolled out poorly, it's all thought out, and I think

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Speaker 2: everybody involved is now looking for a way to gracefully

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Speaker 2: exit from some of these proposals.

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Speaker 1: Would you say Trump has blinked in the last twenty

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Speaker 1: four hours? Is this what the comments about China's really about.

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Speaker 2: I think it's absolutely true that the President never he

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Speaker 2: made a mistake, but he does respond to pressure. We've

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Speaker 2: seen him respond to that pressure in the past week.

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Speaker 1: So what happens now. Do you think.

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Speaker 2: I think that the reciprocal tariffs go away. I think

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Speaker 2: they were still thought out, very damaging, and will easily

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Speaker 2: exit under the guise of negotiations with each country or

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Speaker 2: something like that. I think we'll continue to see the products,

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Speaker 2: the steel, aluminum, autos and others. Steady. Look, so, Levy,

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Speaker 2: I don't know the fate of the ten percent universal tariffs.

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Speaker 2: It's an unwise idea. He would have to withdraw because

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Speaker 2: it's universal. And that's the hardest of my view. In China, China,

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Speaker 2: you know, they have no reason to come to the table,

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Speaker 2: and he keeps suspecting g to bend the need to him.

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Speaker 2: I think that's unlikely. So wiser heads are going to

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Speaker 2: have to serve as intermediaries to get both sides to start.

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Speaker 1: Talking if what you say is correct and the ps

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Speaker 1: to be because we view this from a you know,

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Speaker 1: free tride lanes at the bottom of the world in

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Speaker 1: New Zealand, as free tried is. What we've never been

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Speaker 1: able to understand is how he couldn't order his administration,

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Speaker 1: couldn't see this, none of it made since How did

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Speaker 1: it make sense in his head?

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Speaker 2: That's the question I can't answer. I'm not qualified to

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Speaker 2: diagnose mister Trump's thinking thought processes. The one thing that

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Speaker 2: puzzles everyone, and puzzles you, and puzzles many puzzles people

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Speaker 2: around the world is he does things that do not

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Speaker 2: appear to be in his self interest. This is not

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Speaker 2: in his self interest. It's damaging the uist economy. I

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Speaker 2: believe we will enter a recession if he doesn't quickly

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Speaker 2: back off these teriffs. And no president wants to preside

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Speaker 2: over rising unemployments and and a failure to control place.

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Speaker 2: And that's what he would have.

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Speaker 1: How much political capital do you think he's spent on this.

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Speaker 2: I think he has worn out his welcome internationally quickly,

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Speaker 2: and that seems like a bad first step. He needs

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Speaker 2: help for his domestic agenda in the US Congress, and

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Speaker 2: nobody there is vocal about it, but they are quite

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Speaker 2: frustrated by the fact that they are basing the possiblity

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Speaker 2: of running for reelection in a bad economy. And that's

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Speaker 2: what no elected legislator wants to do. That.

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Speaker 1: All right, Doug, you have a good week and appreciate it.

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Speaker 1: Doug Holtzeken, who's American Action Forum former, advances to John mccampery.

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Speaker 1: For more from the mic Asking Breakfast, listen live to

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