Former Home Depot CEO calls stock market response to Trump's tariffs an 'over-reaction'

Former Home Depot CEO Bob Nardelli called the stock market’s response to President Donald Trump’s tariffs an "over-reaction" on Monday and argued they will be very beneficial for the economy going forward.

The stock market has taken a major hit since Trump announced wide-sweeping tariffs across multiple countries that are set to go into effect this week. Although fears of a recession have spiked as a result, Nardelli told "America Reports" on Fox News that tariffs have yielded positive results in the past and will continue to do so if given time.