A very optimistic President Trump just spoke to reporters about the new reciprocal tariffs, saying he believes it is going very well and that the rest of the world is calling to find out how they can make a deal.

Here’s what he said:

 
There is obviously a lot of concern out there about these new tariffs, and Charlie Gasparino believes if it goes on for too long that we will experience stagflation:

“The tariffs might be necessary–I hate the fact that the trade system is rigged– BUT the pain will be felt well beyond Wall Street. Trump needs to press hard for that reciprocity he talks about ASAP or we will get prolonged stagflation, which is horrible for middle America. I grew up in 1970s, working class, during our last brush with stagflation. It was no party. Trust me on this.”

I think the idea behind these tariffs is that they won’t last long because the other countries will fall in line quickly. I hope truly that’s the case….