Shumita Basu

And I started by asking him why the White House reversed itself in the way that it did and what, if anything, this chaotic week has actually accomplished.

Yeah. Well, that moment that you're describing on Wednesday, it sounds like that was a turning point for a lot of people watching closely this tariff policy. I mean, we heard Fox Business senior correspondent Charlie Gasparino, who's been a big supporter of President Trump's, basically say this is not sustainable.

Yeah. Well, that moment that you're describing on Wednesday, it sounds like that was a turning point for a lot of people watching closely this tariff policy. I mean, we heard Fox Business senior correspondent Charlie Gasparino, who's been a big supporter of President Trump's, basically say this is not sustainable.

Yeah. Well, that moment that you're describing on Wednesday, it sounds like that was a turning point for a lot of people watching closely this tariff policy. I mean, we heard Fox Business senior correspondent Charlie Gasparino, who's been a big supporter of President Trump's, basically say this is not sustainable.

So was this actually a strategy of Trump's? Are we seeing something that suggests this is a strategy that unfolded in the way he had planned? Or is this really Trump conceding and walking something back because it clearly was too unpopular and unsustainable?

So was this actually a strategy of Trump's? Are we seeing something that suggests this is a strategy that unfolded in the way he had planned? Or is this really Trump conceding and walking something back because it clearly was too unpopular and unsustainable?

So was this actually a strategy of Trump's? Are we seeing something that suggests this is a strategy that unfolded in the way he had planned? Or is this really Trump conceding and walking something back because it clearly was too unpopular and unsustainable?

So, you know, I mean, he was even admonished in that hearing. It sounds like you're sitting here in front of us. Why is there a big movement on trade policy? Absolutely.

So, you know, I mean, he was even admonished in that hearing. It sounds like you're sitting here in front of us. Why is there a big movement on trade policy? Absolutely.

So, you know, I mean, he was even admonished in that hearing. It sounds like you're sitting here in front of us. Why is there a big movement on trade policy? Absolutely.

Mm-hmm. Let's go back to this idea of concessions for a moment, because we're hearing President Trump say this, some of his team is saying this, that they have managed to get dozens of countries to engage with them since the tariffs, new tariffs were introduced, and that they're hopeful that this will now lead to serious concessions. What concessions is he hoping to get?

Mm-hmm. Let's go back to this idea of concessions for a moment, because we're hearing President Trump say this, some of his team is saying this, that they have managed to get dozens of countries to engage with them since the tariffs, new tariffs were introduced, and that they're hopeful that this will now lead to serious concessions. What concessions is he hoping to get?

Mm-hmm. Let's go back to this idea of concessions for a moment, because we're hearing President Trump say this, some of his team is saying this, that they have managed to get dozens of countries to engage with them since the tariffs, new tariffs were introduced, and that they're hopeful that this will now lead to serious concessions. What concessions is he hoping to get?

How much of the concession talk to you appears to be substantial versus PR, basically?

How much of the concession talk to you appears to be substantial versus PR, basically?

How much of the concession talk to you appears to be substantial versus PR, basically?

Mm-hmm. Well, so the administration's stated goal and goal, at least, is to bring American manufacturing back to the United States. Can I ask you to just evaluate that vision for a moment? I mean, how realistic is that? What would it look like? How long might it take?

Mm-hmm. Well, so the administration's stated goal and goal, at least, is to bring American manufacturing back to the United States. Can I ask you to just evaluate that vision for a moment? I mean, how realistic is that? What would it look like? How long might it take?

Mm-hmm. Well, so the administration's stated goal and goal, at least, is to bring American manufacturing back to the United States. Can I ask you to just evaluate that vision for a moment? I mean, how realistic is that? What would it look like? How long might it take?

Just to bring us to an end here, to an end point of reflection, I mean, we've talked about there being these two competing narratives of what happened this week. I think we're going to be hearing about this for a long time. The Trump administration is touting this week as a victory, as this was our plan all along. Others are calling it a capitulation, a real walk back after so much backlash.