"I have nothing but contempt for the investor-class idiots being caught by surprise. Though no one could have predicted precisely how deranged Trump’s tariffs would be, because he is the most erratic man who has ever lived, tariffs were the core of his campaign platform."

#Trump #tariffs #economy #StockMarket #crash #destruction #recession #WallStreet #billionaires
/12

"I hope MAGA investors enjoy the crisis they caused. Right-wing financiers thought Trump would unleash prosperity. Instead, his tariffs are nuking the markets."

~ Ryan Cooper

Germany's business leaders put Hitler into power because they imagined they could contol him and get what they wanted from him. And then….

#Trump #tariffs #economy #StockMarket #crash #destruction #recession #WallStreet #billionaires
/11

https://prospect.org/economy/2025-04-08-hope-maga-investors-enjoy-crisis-they-caused/

"Today the editors of the right-wing National Review urged Congress to take back the power it has ceded to Trump, calling it 'preposterous that a single person could enjoy this much power over…the global economy.'”

#Trump #tariffs #economy #StockMarket #crash #destruction #recession #WallStreet #billionaires
/10

Heather Cox Richardson on the "Wall Street billionaires" who put Trump into office now trying him to back off from the tariff madness:

"With Trump’s extraordinary tariffs now threatening the global economy, some of those who once cheered on his dictatorial impulses are now recalling the checks and balances they were previously willing to undermine."

#Trump #tariffs #economy #StockMarket #crash #destruction #recession #WallStreet #billionaires
/9

https://heathercoxrichardson.substack.com/p/april-8-2025

"Trump needs to be stopped because he’s hurting people, yes, but also because he’s acting like a dictator, and we don’t have dictators in America."

#Trump #tariffs #economy #StockMarket #crash #destruction #recession #dictator
/8

"Trump talked a lot about tariffs on the campaign trail (in confused and dishonest ways) but before November 2024 it was never presumed that winning one election by a tiny margin with a mere plurality of the popular vote entitled a president to fabricate pretexts for wrecking the global economy or upend the U.S. system of public finance without passing any legislation."

~ Brian Beutler

#Trump #tariffs #economy #StockMarket #crash #destruction #recession #dictator
/7

https://www.offmessage.net/p/we-dont-have-dictators-in-america

"It’s hard to take the time to dwell on the man himself—to focus our attention on Donald Trump the clown.

Yesterday afternoon, as markets continued crashing and with the further implementation of backbreaking tariffs just hours away, the clown was on full display."

~ Andrew Egger

#Trump #tariffs #economy #StockMarket #crash #destruction #recession
/6

https://www.thebulwark.com/p/clown-in-a-china-shop-trump-coal-energy-brain-rot-improv-tariffs

"There are growing signs that we’re at risk of a tariff-induced financial crisis.

There are multiple indicators of that risk."

#Trump #tariffs #economy #StockMarket #crash #destruction #recession
/5

"The 31st president has long been the patron saint of bad economic management. But while Hoover responded badly to the coming of the Great Depression, he didn’t cause the slump. By contrast, it seems more and more likely that Donald Trump will single-handedly push the solid economy he inherited into crisis. This is, as Trump might say, disastrous policy like nobody has seen before."

~ Paul Krugman

#Trump #tariffs #economy #StockMarket #crash #destruction #recession
/4

https://paulkrugman.substack.com/p/the-cost-of-chaos-this-is-getting

"US stocks dropped yesterday for a fourth straight trading day since Trump’s tariffs announcement last week, with the S&P 500 closing below 5,000 for the first time in almost a year."

#Trump #tariffs #economy #StockMarket #crash #destruction #recession #China #TradeWar
/3

"Rates on imports into the US from dozens of economies rose further from 00.01 EST on Wednesday, with tariffs imposed on Chinese products since Trump returned to the White House reaching a staggering 104%. The new tariffs imposed on 57 target countries, territories and blocs include rates of 20% on the EU, 26% on India and 49% on Cambodia."

~ Jem Bartholomew

#Trump #tariffs #economy #StockMarket #crash #destruction #recession #China #TradeWar
/2

https://www.theguardian.com/us-news/2025/apr/09/first-thing-global-stock-markets-slump-as-trumps-tariffs-take-hold

"The wild swings made the day one of the most volatile in stock market history. It ended with the Dow Jones Industrial Average down by 349 points and the S&P 500 and the Nasdaq Composite staying relatively flat. Futures for tomorrow are up slightly.

Foreign markets fared badly today, suggesting that the reality of Trump’s tariffs is beginning to sink in."

~ Heather Cox Richardson

#Trump #tariffs #economy #StockMarket #crash #destruction #recession
/2

https://heathercoxrichardson.substack.com/p/april-7-2025

"Donald Trump 40 years ago thought that he was smarter than everybody else and tariffs were the answer. And he never admitted he was wrong. And now he's going to prove that he was right all along, no matter how deep a depression he generates along the way."

#Trump #destruction #tariffs #economy #crash #StockMarket #depression
/5

"This is really the first time in history that a president has caused you know, a terrible economy. We've had presidents who failed to respond. And Herbert Hoover screwed up or was hapless in response to the Great Depression, but he didn't cause it."

~ Paul Krugman

#Trump #destruction #tariffs #economy #crash #StockMarket #depression
/4

https://zeteo.com/p/toxic-nostalgia-nobel-laureate-on

"Trump apologists, Republican officials, and MAGA acolytes are gaslighting the world right now, trying to make you think Donald Trump is an unorthodox genius who is playing 4-D chess as the global economy collapses around us."

~ Wajahat Ali

#Trump #Musk #destruction #tariffs #economy #crash #StockMarket
/3

https://thelefthook.substack.com/p/trump-isnt-playing-4d-chess-hes-an

"We now see a 40%-50% chance of a recession over the next year.

If they’re maintained, the tariff hikes announced April 2 represent a self-inflicted economic catastrophe for the United States."

~ Preston Caldwell

#Trump #tariffs #economy #StockMarkets #crash #EconomicElites #billionaires #golf #recession
/22

https://www.morningstar.com/economy/tariffs-are-self-inflicted-economic-catastrophe