Saturday night, the president reversed course, tweeting that “based on both Media & Democrat Crazed and Irrational Hostility, we will no longer consider Trump National Doral, Miami, as the Host Site for the G-7 in 2020.”

On Sunday, Mulvaney said he believes it's now "the right decision to change,” locations.

But he added Trump' “still considers himself to be in the hospitality business” and he saw an opportunity to “put on the absolute best show, the best visit he possibly could” for world leaders.

“He’s the president of the United States,” Wallace interjected.

“It’s his background. It’s like how I used to be in the real estate business,” Mulvaney answered.

Asked if Trump understood that hosting the conference at Doral “looked lousy,” Mulvaney hedged. “I think he knows that people think it looked lousy.”

“Could we have put on an excellent G-7 at Doral?” Mulvaney said. “Absolutely. Will we end up putting on an excellent G-7 someplace else? Yes, we will.”