Steve Doocy Tells Story of Widowed Family Friend Who’s Lost 18% of Her Life Savings Since Trump’s Tariff Policy

Fox & Friends co-host Steve Doocy revealed a personal connection to President Donald Trump’s divisive tariff policy on Monday, noting that a friend has lost 18 percent of her life savings in the stock market.

Speaking on the Fox News talk show Monday morning, Doocy talked about another possible “bumpy” week for those involved with the stock market before mentioning “Michelle,” a family friend who understands “what the president is trying to do.”

“It’s going to come back and we all hope that’s true,” Doocy said.

Read the full exchange here:

STEVE DOOCY: When the news broke yesterday there would be a carveout for smartphones and computers, Nvidia and Apple — suddenly the stock futures went up for them because that would be really good news for them. Hold on, there still is going to be tariff . It’s very clear, if you are one of those people who watches the ticker at the bottom of the frame or you are thinking about your 401(k). But we have heard, to your point about Scott Bessent. We have heard him talk about the time frame. How long is it going to be bumpy? It’s going to be bumpy this week. Another really bumpy week. But he has suggested in things he said last week. It sounds like it’s going to be about 80, 90 days should be over by June. Early June is kind of what he said in one of those availabilities out in front of the White House. If people know it’s only going to last until June and the market comes back. That would be good. My wife and I have a friend, Michelle, she is a widower and she has her life savings in a bank account, in the stock market. So far, she’s lost 18% of her life savings. And so she is ready. She understands what the president is trying to do, rebalance trade. And she’s ready for it to come back. And that’s what they’re saying.

AINSLEY EARHARDT: Imagine in jobs come to America start making goods. Pharmaceuticals here — we would have so much more revenue by doing that and taking that away from China. We can’t trust China. They’re bad actors.

LAWRENCE JONES: Some people are taking that reasonable approach as you and Steve just took, Ainsley. Some Democrats are accusing the present administration of corruption.

Trump announced a 90-day pause on tariffs last week, along with a “substantially lowered Reciprocal Tariff” for the 75 Countries “who have ‘called Representatives of the United States,’ who have ‘negotiated a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs.'”

Doocy has been vocal about Trump’s tariff policy in the past.

Just last week, Doocy sparred with his Fox & Friends co-hosts over Trump’s tariff policy after highlighting a New York Post story about a man whose business has been threatened by them:

There’s an item in The New York Post that we all have in front of us. It’s an exclusive story. And it talks about how with these 104% tariffs that went into effect, you know, we think that China is going to have to pay for it. But it tells a story of a special needs toy importer, and when the tariffs went into affect at midnight his tariff — he’s been paying a tariff because he gets stuff from China, $26,000 a year. His tariff bill went from $26,000 at midnight to $346,000. And that’s money he’s gonna-, have to come out of his pocket,” Doocy said to kick off the conversation. “It sounds like he’s going to have to go ahead and close down part of his business. He tried to make the toys in the United States, but the tariff on his most popular item went from zero to $17 at midnight. And what he told The New York Post is, ‘People don’t understand the tariff situation. They think just foreign countries are paying for the tariffs. That’s not true. Half of the tariffs are being paid for by U.S. based companies.’ So when you look at the big numbers and they look good, just remember that according to this guy, half of the small businesses, and half of the tariffs are being paid by Americans.”

Watch above via Fox News.