Scaramucci warns Trump must 'change tactics now' on trade

Former White House communications director Anthony ScaramucciAnthony ScaramucciWhite House announces changes in press office Scaramucci’s wife says he’s trying not to ‘blab’ White House secrets on ‘Celebrity Big Brother’ White House press aide Raj Shah joining lobbying firm MORE took aim at President TrumpDonald John TrumpRosenstein expected to leave DOJ next month: reports Allies wary of Shanahan's assurances with looming presence of Trump States file lawsuit seeking to block Trump's national emergency declaration MORE’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.”

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 with 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.