As global markets bleed out thanks to the chaos unleashed by the #TrumpTariffs, President Donald Trump has responded with a stunning level of empathy—urging Americans not to be “weak” or “stupid” as the economic fallout of his trade war, launched without provocation or planning, tears the U.S. economy to shreds. Trillions have evaporated from global markets, and the Trump seems more concerned with a golfing tournament than viable policy.
Trump proved his uncanny ability to destabilize markets once again, with little more than a soundbite.
The stock market faced a slight uptick early Monday (April 7), amid unsubstantiated reports that the White House would be putting a 90-day pause on international tariffs, Trump instantly kiboshed the positive gains, taking to his Truth Social platform to spout a truly chilling message to the people he was elected to serve.
The markets took yet another hit but Trump barely batted an eyelid.
“The United States has a chance to do something that should have been done DECADES AGO. Don’t be Weak! Don’t be Stupid!” he wrote on his Truth Social platform. “Don’t be a PANICAN (A new party based on Weak and Stupid people!). Be Strong, Courageous, and Patient, and GREATNESS will be the result!”
Trump’s brute-force hack on global trade infrastructure is hidden behind his nationalist self-defense claims, but his policies have done nothing but succeed in jacking up prices on everything from raw materials to tech components. U.S. manufacturers have now been hit with rising input costs, while retaliatory tariffs have turned international trade into freefall mode.
The immediate future for U.S. looks grim.
In another crushing blow to the economy (which has become a daily ritual for the former reality television star), Trump decided to up the ante by threatening to impose a 50% tariff on imports from China in response to their 34% retaliatory tariffs.
China is the second-largest economy behind the U.S.
“… If China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th. Additionally, all talks with China concerning their requested meetings with us will be terminated! Negotiations with other countries, which have also requested meetings, will begin taking place immediately. Thank you for your attention to this matter!” he wrote, resorting again to sheer brute force.
The nonpartisan Tax Foundation warns that American households are about to get slammed with an extra $2,100 a year in costs up to $3,800 a year. After Trump’s April 2 tariff drop, the market tanked 1,679 points in a single session—the worst crash since 2020. Four thousand eight hundred points are gone, 11% torched since his so-called’ Liberation Day’ stunt.
Any gains the market made earlier in his term have simply been vaporized. The Dow has been down 3.6% since its inauguration, slipping from 43,487 to 41,911. Investors are shaken and algorithms are scrambling, but Trump—in between his frequent golfing trips, which have cost American taxpayers millions of dollars—is unmoved by the American people’s pleas for common sense to return to the Oval Office.
Goldman Sachs hiked its odds of a U.S. recession to 45%—up from 35%—marking the second bump in just a week. Just days ago, Goldman raised the risk from 20% to 35% after Trump teased a fresh round of tariffs.
Trump has been president for 77 days. Seventy-seven.
This president has clearly not mastered the art of negotiation and sadly, after all is said and done, it will be the American people who pay the price of this unheeding maverick’s nonsensical gamble.
Fixing an economy which was not broken in the first place has brought it to its knees. But was this always the plan?
Could he be crashing the market on purpose? Karen Hunter and Roderick Morrow discuss in the clip below.
