The former CEO of Home Depot, Bob Nardelli and the Fox business host, Charles Payne joined reports to discuss the impact of President Donald Trumps Prices, markets around the world.
The former CEO of Home Depot, Bob Nardelli, described the response of the stock market to the prices of President Donald Trump as “excessive” on Monday and argued that they would be very beneficial for the economy in the future.
The stock market has taken a major success since Trump announced large rates across several countries that should come into force this week. Although the fears of a recession increased, Nardelli told Nardelli “America’s reports“On Fox News that prices have given positive results in the past and will continue to do so if it gives time.
“As I mentioned several times, we have become an instant gratification company,” said Nardelli. “We saw the first prices on Mexico and Canada, and consequently, we saw the closure of the borders. We saw a repatriation of the illegal criminals and foreigners who came here. People were very happy on this subject.”
The CEO of JPMorgan Chase Jamie Dimon issues a tariff warning in the annual letter
The former Home Depot and CEO of Chrysler, Bob Nardelli, discussed Trump’s widespread prices on “America Reports”. (Fox News / Fox News)
He continued: “Here, we see another decision of this president to really level the rules of the game, and we see an excessive reaction in my opinion. The treasurer secretary said it, I say it, we should simply withdraw. We will see these ups and the stockings, they go and launch, but I, for example, have not sold by.”
“I stay on this market because I believe that what it does in the long term will benefit the country in several ways. Not only is the balance of prices, but it also focuses on the balance of dollars in trade, which is also important for this economy in the future.”
Animator Sandra Smith pressed Nardelli on the concerns of people like the billionaire investor Bill Ackman and the CEO of Jpmorgan Chase Jamie Dimon, who warned against increased prices and an “economic nuclear winter” due to the prices.
Nardelli replied that the administration was probably aware of the uncertainty that had come to the pricing policy, but argued that it was a “risk to be taken” to help the long -term economy.
What to know about the prices of President Trump’s “Liberation Day”
Some experts have warned that Americans could face a high price if Trump’s prices remain in place. (Istock / Getty / Getty images)
“We have to stop letting Wall Street determine our business. Every 90 days, the satellite passes, and they vote. When they do not love you and vote against you, so you ask the activist to try to tell you how to manage your business,” said Nardelli.
The Trump administration has said that since the price announcement, more than 50 countries have contributed to new economic negotiations.
