‘They’re Terrified’!’ Steve Doocy Sounds Alarm on Trump Tariffs Freaking Out Major Republican Donors

Major Republican donors watching the stock market tank following President Donald Trump’s controversial tariff policy are “terrified” about the broader political implications, according to Fox & Friends co-host Steve Doocy.

Chad Pergram filed a report on Wednesday morning about the political impact of Trump’s new trade policies. “Democrats are adamant that the president is wrecking the economy,” he said. “They ask why the U.S. applied tariffs on allies, which agreed to the USMCA. That’s the trade pact implemented by the president during his first term.”

“Given the fact that China’s now going to have an 84 percent tariff on U.S. goods, I see that the stock market futures, the market’s going to open in 90 minutes — they’re down like 600 or 700 points again,” Doocy noted. “How much pressure are Republican lawmakers on Capitol Hill getting from their constituents? And a lot of them have major donors who are invested in the stock markets, and they’re terrified!”

“Well, you’re starting to hear some of that,” Pergram replied. “Some of them will concede that privately, but again, most of them publicly will say, look, you know, we’re willing to give him that runway, as I said a bit ago. They want to see if this will work. This is where I thought this was kind of crystallized in the hearing yesterday before the Senate, where Thom Tillis, the Republican senator from North Carolina who probably faces a competitive reelection bid next year, he said if this doesn’t work, and he said this to Jameson Greer, ‘If this does not work, Whose throat do I get to choke?'”

“And so some people are very leery about that,” he concluded. “Something else I should point out, and this is where the administration thinks that this might relieve some of the pressure on the markets.“

Watch above via Fox News.