“The best I can tell, the American president can’t order U.S. companies how they’re going to do their sales and where they’re going to have their supply chains,” Wallace said during an appearance on “America’s Newsroom.” “We have a free-market, capitalist system.”
Earlier that afternoon, in a flurry of outraged tweets, Trump accused China of stealing money from the U.S. and ordered American companies to “immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.”
Note: The president doesn’t have the authority to order companies to do anything like that.
“My guess is that most people in this country wouldn’t want to see the president be able to do this,” Wallace said.
He also raised concerns also over Trump’s targeting of Federal Reserve Chairman Jerome Powell, whom the president declared an “enemy” of the nation.
“When you have the president of the United States sort of flailing around this way and ordering companies to move back to the U.S. and saying that the head of the Federal Reserve is an enemy of the country, is that going to create more consumer confidence about the state of the economy or not?” Wallace said.