Summary
Donald Trump defended his sweeping new tariffs—including a 104% levy on Chinese goods—despite market turmoil and a historic sell-off in U.S. Treasuries.
Speaking to Republicans, he claimed manufacturing is returning to the U.S., repeating, “I know what the hell I’m doing.”
China responded with an 84% tariff on U.S. goods, intensifying a trade war that tanked global markets.
The S&P 500 nears bear territory, and JPMorgan raised global recession odds to 60%. Critics warn of inflation, declining investor confidence, and deepening economic instability.
And it seems to have worked out for him pretty well. He lives an incredibly lavish lifestyle, won the presidency twice, has a huge collection of devoted followers, and generally seems to have avoided any negative consequences.
Between Trump and the people around him, SOMEONE know what they are doing.
You forgot corruption. Corruption, I suspect, is what is “around him”.