Eric Bolling

The first major financial, certainly exchange that went public on my push. And I spent 15 years total on Wall Street and I've never left it. I've traded, I continue to trade oil. I trade energy.

gold silver agricultural commodities but i'm an active stock trader as well and so i'm in and out of this in tariffs honestly patrick is i just don't get it i'm i'm a i'm an original maga i'm an og maga sorry chris i know you're not gonna love this but one of the original trump supporters one of the original steve bannon supporters because when back in the day when bannon and uh andrew breitbart were developing america first um

gold silver agricultural commodities but i'm an active stock trader as well and so i'm in and out of this in tariffs honestly patrick is i just don't get it i'm i'm a i'm an original maga i'm an og maga sorry chris i know you're not gonna love this but one of the original trump supporters one of the original steve bannon supporters because when back in the day when bannon and uh andrew breitbart were developing america first um

I followed them and they were great. They brought President Trump to the presidency the first time. So the original MAGA support, I do not get this idea of applying tariffs on the whole world. We are the biggest consumer on the planet. We have a lot of ways of exerting pressure on China to lower their tariffs and others Brazil. One of them would be use our massive oil infrastructure.

I followed them and they were great. They brought President Trump to the presidency the first time. So the original MAGA support, I do not get this idea of applying tariffs on the whole world. We are the biggest consumer on the planet. We have a lot of ways of exerting pressure on China to lower their tariffs and others Brazil. One of them would be use our massive oil infrastructure.

I mean, Trump loves to drill oil. If we drilled a ton more oil, if we put liquefied natural gas, which we can now do to the point where we satisfy all of our domestic demand, the excess demand, we could offer to China and say, look... You want to make a deal, lower your tariffs, we will sell you LNG at market price without a tariff. You want to keep your tariffs, we'll jack it up.

I mean, Trump loves to drill oil. If we drilled a ton more oil, if we put liquefied natural gas, which we can now do to the point where we satisfy all of our domestic demand, the excess demand, we could offer to China and say, look... You want to make a deal, lower your tariffs, we will sell you LNG at market price without a tariff. You want to keep your tariffs, we'll jack it up.

China needs the oil. They need that. They're desperately seeking oil. That's why they have the partnership with Russia. Point is, I've done this for a really, really long time. It's the one area I just can't get behind. Free marketeer here. Anytime government gets involved in anything in the markets, they pretty much screw it up.

China needs the oil. They need that. They're desperately seeking oil. That's why they have the partnership with Russia. Point is, I've done this for a really, really long time. It's the one area I just can't get behind. Free marketeer here. Anytime government gets involved in anything in the markets, they pretty much screw it up.

Because, again, government getting involved in anything, they screw everything up. Price controls screw up supply demand. Just let supply and demand find the right home. Originally they launched it as we're going to put an equivocal tariff on any certain country, China, Brazil, Germany, whatever you're charging us.

Because, again, government getting involved in anything, they screw everything up. Price controls screw up supply demand. Just let supply and demand find the right home. Originally they launched it as we're going to put an equivocal tariff on any certain country, China, Brazil, Germany, whatever you're charging us.

Reciprocal. Problem is they didn't do that, Patch. What they did was they took a trade in balance with a country, for example China. $130 billion trade in balance, that's what they sell us more than we sell them. And they divided that number by the total export China into America, which is fine, but it's an equation. It has nothing to do with their tariff structure at all.

Reciprocal. Problem is they didn't do that, Patch. What they did was they took a trade in balance with a country, for example China. $130 billion trade in balance, that's what they sell us more than we sell them. And they divided that number by the total export China into America, which is fine, but it's an equation. It has nothing to do with their tariff structure at all.

It's a trade imbalance number. And they came off, I think, 64%, and they said, oh, we're going to do 32%. They did that with every single country in the world. It had nothing to do with the actual tariffs. So they sold it as, we're going to raise our tariffs reciprocally, And when you lower country A, B or C, we will lower with you, which is great. That's fine. You want to play that game?

It's a trade imbalance number. And they came off, I think, 64%, and they said, oh, we're going to do 32%. They did that with every single country in the world. It had nothing to do with the actual tariffs. So they sold it as, we're going to raise our tariffs reciprocally, And when you lower country A, B or C, we will lower with you, which is great. That's fine. You want to play that game?

Wonderful. Then it became something different. Then it became, we're doing this to everyone and now we have 15 countries who want to negotiate. Now we have 150 countries that want to negotiate. And it became more about the world leaders coming to the Trump administration and begging for some relief, which isn't the real nature of it.

Wonderful. Then it became something different. Then it became, we're doing this to everyone and now we have 15 countries who want to negotiate. Now we have 150 countries that want to negotiate. And it became more about the world leaders coming to the Trump administration and begging for some relief, which isn't the real nature of it.

You want to play the tariff game, play it where the purpose is to lower tariffs completely, both directions. And I think they lost that script for a while. They're trying to get it back now. And then this whole idea of choosing certain industries to exempt from tariffs, not necessarily countries, but industries, chips, cell phones, computers, it just, I just don't like

You want to play the tariff game, play it where the purpose is to lower tariffs completely, both directions. And I think they lost that script for a while. They're trying to get it back now. And then this whole idea of choosing certain industries to exempt from tariffs, not necessarily countries, but industries, chips, cell phones, computers, it just, I just don't like

I'm a free market person, Patrick. The free market is what made this country number one, the greatest country on the planet, bar none. Because we have the most free business environment markets and the tariff disrupts that whole apple. Tom, your thoughts on this?