Former White House communications director Anthony Scaramucci took aim at President Trump’s ongoing trade feuds on Saturday, saying he was worried that trade rhetoric was “going too far.” “Spent the day reading: I am worried about the trade rhetoric going too far,” Scaramucci tweeted Saturday. “Signs are there: capital is starting to [withdraw] from stocks. The [markets] are signaling a lot more risk the flash 2q GDP report which may be a one time moonshot followed by the Big unwind.” Scaramucci added that Trump needed to “change tactics now.”
Spent the day reading: I am worried about the trade rhetoric going too far. Signs are there: capital is starting to wthdraw from stocks. The mkts are signaling a lot more risk the flash 2q GDP report which may be a one time moonshot followed by the Big unwind. Change tactics now.
— Anthony Scaramucci (@Scaramucci) July 1, 2018
Trump has helped drive an escalating trade war with some of the United States’s closest longtime trade allies since his announcement last month that the U.S. would impose stiff tariffs on steel and aluminum imports from the European Union, Canada and Mexico. Following the announcement, the U.S. was hit was retaliatory tariffs from those countries on a number of products like motorcycles and blue jeans. Two American motorcycle companies — Harley-Davidson and Polaris — have since said they might be forced to move some production overseas due to the tariffs. Trump is scheduled to meet with European Commission President Jean-Claude Juncker next month amid the trade feud. Scaramucci, who left his role as White House communications director in July 2017, has defended Trump’s record since leaving the administration. He slammed Trump recently, however, for the “inhumane” and “cruel” “zero tolerance” immigration policy that led to the separation of more than 2,000 migrant children from their parents upon being apprehended at the U.S.–Mexico border.