Karl Rove, a seasoned GOP strategist and Fox News contributor, reportedly cautioned President Donald Trump against excessive optimism about the economy during a recent segment on “America Reports.”
This advice comes amid rising concerns over consumer sentiment, which has significantly declined.
Following a White House press briefing that focused on tariffs, Rove emphasized the critical economic impact of trade policies.
He noted that while the U.S. constitutes only 4% of the global population, 96% of American businesses’ customers are located abroad.
With the U.S. economy making up 27% of the world economy, Rove argued that maintaining a strong trading position is essential for prosperity.
He acknowledged issues with China but insisted that trade benefits the U.S. economically.
In response to anchor Trace Gallagher’s questions about the uncertain political landscape before the midterm elections, Rove asserted that Democrats struggle to present a coherent vision, which limits their ability to sway public opinion.
He recalled how President Biden’s administration faced backlash for its overly positive narrative on the economy—billed as “Bidenomics”—which failed to convince many Americans in light of soaring inflation.
Rove pointed out recent consumer sentiment survey results, revealing a dramatic drop to 50.8 points, the second-lowest figure since 1952, only behind the Great Recession levels.
He advised the administration to temper its rhetoric and acknowledge the challenges ahead while expressing optimism for future improvements.
Rove concluded that effective communication and tangible results regarding tariffs are vital for restoring public confidence in the economy as the nation navigates a precarious fiscal environment.
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