Gavin Newsom: “Targeted tariffs with an industrial policy, with a policy to…”

“And that we're just going by gut instincts of one guy who failed seven businesses. So what you're saying, I mean to be more clear than the basis of that reaction, Targeted tariffs with an industrial policy, with a policy to back it up, with a rationale to use it as a tool for strategic national security issues or for legitimate questions around imbalance of trade or unfair practices. People like the Secretary of Commerce and the President who believe tariffs are the economic toolbox. Yeah, they're not. They are a tool in the toolbox.” (29:55–30:11)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.