The volatile stock market should smooth out with countries seeking to negotiate their tariff rates with the Trump administration, former Sen. Rick Santorum told Newsmax on Sunday.
“The stock market is reacting to the tariffs and the fear that countries will react more like China did, which was to retaliate to our tariffs and drive the cost up even more,” the Pennsylvania Republican and Newsmax political analyst told “Sunday Report.”
A handful of countries, such as Cambodia and Vietnam have pulled back on their tariffs, he added, but China hurt the U.S. economy by enacting retaliatory tariffs.
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