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Katherine Ross: With the tariff delay, is President Trump showing investors that he actually wants a trade deal or is he just a pro stocks president?

Kenny Polcari: You know what, I'm not even sure anymore what he wants, right? Does he really want to deal? I think, yes, he does want to deal as he tries to push it out. Is he trying to appear as if he's putting, you know, ultimate pressure upon the Chinese and this is his way of doing it. I think what's frustrating is he puts a pressure on then he takes it off, and he puts it on men. He takes it off. And last week when he made that surprise announcement, he caught everybody by surprise, including his own negotiators. And then yesterday he scratched his head and they all come out and they go, well, we want to disrupt the holiday shopping season. Are you kidding me? Are you kidding me? Really that's what this is about. That we're worried now about disrupting the holiday shopping season. So you're going to take the tariffs away from the tech industry, because that's really what it was, because retail is still going to get hit on September 1st unless he comes out today and says he's going to do away with that as well.

Kenny Polcari: But the tech industry, so video games and iPhones and computers and laptops, all very kind of high priced items. He doesn't want to disrupt for the holiday shopping season. I think it's an abomination. If you want my honest opinion, you make the comment back in September. You stand your ground and then all of a sudden you go, well, we're worried about the consumer. If you're worried about the consumer, then what you're really saying is that the tariffs are really being paid the consumer as if that's what you just said. You don't want to disrupt Christmas and you're worried about the consumer. What you're really telling everybody is, yes, I'm going to post these tariffs, but ultimately Americans are paying for it. And ultimately that's a conversation we've been having all along as who's really paying for the tariffs. And so, you know, is he a pro stocks president? Absolutely. I don't think he's got a big pain threshold. And I think that was obvious after we saw what the market did the last couple of days, that he needed to find a way to try to put a floor under it. So yesterday's action did. Now, today's going to be different story because the market's now reacting to economic data. Something he can't really control. But we'll see what he does, with another Tweet today or not.

Katherine Ross: Kenny, I'm glad that you brought up the change in language from the president about the consumer paying the tariffs because I think that kind of got washed away by all the other market noise yesterday. Should investors be concerned that that language has changed?

Kenny Polcari: Well, listen, something that they should be concerned that it changes because a lot of people have all along felt that it's a consumer who's paying the tariff anyway. No matter what, Trump says that China is paying it. China's not paying it. We're really paying it because we're paying the higher prices. And that was evident in exactly what he said yesterday that he didn't want to disrupt. He's worried about the effect it would have on the consumer during the Christmas holiday shopping season, which really means I don't want prices for this high end tech stuff to go up. I want to be able to say we had this robust surging holiday shopping season as the president cause I want to use that as part of the story, the narrative going into the 2020 elections. And so quite honestly I think people are... I think people are getting fairly smart to his, to the antics going back and forth. And I think ultimately what's going to happen, he's gonna end up shooting himself in the foot from my opinion.

Let's talk trade.

Kenny Polcari, managing principal at Butcher Joseph Asset Management, sat down with TheStreet to talk about the postponement of the tariffs--which was announced Tuesday, Aug. 13. 

Here's what Polcari had to say about whether or not President Trump is a pro-stocks president, or if he's really just concerned about getting a trade deal. 

"...Then [Tuesday, President Trump] scratched his head and they all come out and they go, well, we want to disrupt the holiday shopping season. Are you kidding me? Are you kidding me? Really that's what this is about. That we're worried now about disrupting the holiday shopping season. So you're going to take the tariffs away from the tech industry because that's really what it was because retail is still going to get hit on September 1st unless he comes out today and says he's going to do away with that as well," said Polcari. 

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