Trump Insists ‘I Know What the Hell I’m Doing as His Tariffs Unleash Carnage
www.thedailybeast.com
Hours later, even safe assets like U.S. Treasury bonds were tanking and China took revenge.

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.

  • CharlesDarwin@lemmy.worldEnglish
    33·
    3 days ago

    I know the “imagine if Obama did it” is so very tired at this point, but - seriously, just imagine if it was Obama doing this.

    Nothing screams “DEI hire” like a washed-up never-was who is only known for being a white male fail-son nepo baby who failed up his entire life, and known for multiple bankruptcies - who couldn’t even make money with a casino - who is now fucking around with a Goldilocks economy and making it burn to the ground - all this, while his courtiers keep praising him and gaslighting the entire country.

    If it was Obama doing this, I bet the people on Faux would be losing their minds so much that they’d probably just drop all the pretense and be using the n-word on the air… 🤣