Summary
Donald Trump lashed out at China for retaliating against his new tariffs, calling the country the “biggest abuser” of U.S. trade.
After Trump imposed an additional 34% tariff on Chinese goods, China responded with its own 34% tariff on U.S. products and suspended key imports.
Financial markets in both countries plunged, with U.S. economists warning of a potential recession.
Despite backlash, Trump defended his strategy, urging the Fed to cut rates and calling the tariffs a path to long-term gain. Critics warn of global economic instability and rising protectionism.
When we’re in a bona fide depression he’s going to point to this as the reason he failed. “Look, if China, those damn Chinese, if the China had just let me grab them by the wallet, if they played nice, well we’d all by billionaires by now. I promise. The best billionaires. Believe me. It’s China’s fault.”
I could hear him say it
And see him do the angry accordion