Tyler Pager

Later that evening, Friday, he signed the official paperwork instituting those 10% tariffs.

And then Saturday morning, he announces this 15% tariff on social media.

And what I will tell you, Natalie, is that

Many of the president's advisors and people close to the White House were surprised and taken aback by the rapid change from 10% to 15%.

Some have speculated that the president was frustrated by the media coverage of his loss at the Supreme Court and wanted to show that he still had power to raise tariffs even more.

But we have not heard from the president since then about precisely why he made this change less than 24 hours later.

And Andrew makes a great point because this is of utmost importance to the president himself.

I was just with the president in Georgia on Thursday where he was touting these various business executives who told him that they were

moving manufacturing or expanding manufacturing in the United States because of his tariffs.

This is of personal pride to the president.

So if companies are changing their plans or making new plans, they run the risk of some sort of retribution campaign from the president who feels extremely proud of the impact he believes tariffs are having in reshaping the American economy and reviving the manufacturing sector.

Natalie, they're not really seeming to think about it all that much at all.

We saw Treasury Secretary Scott Peskin say he didn't think that the American people would see this money.

And the president at his news conference on Friday

basically ignored questions about refunds.

And so even as reporters repeatedly tried to press him, he has very much quickly moved on and has started talking about new tariffs that he wants to institute.

And there doesn't seem to be a whole lot of consideration about what this process may look like should companies start requesting them.

And Natalie, I think we're going to get a lot more on this front because the president is expected to travel to Beijing at the end of March, early April, and meet with Xi Jinping.

So we should expect there to be a lot more conversation about what the U.S.-China relationship looks like, particularly as it pertains to trade in the weeks ahead.

Yeah, it's enormous.