President Donald Trump lashed out at a reporter who asked how much economic pain he would be willing to tolerate as his tariffs wreck the stock market.The president returned Sunday evening to Washington, D.C., as U.S. stock futures plunged, indicating more market turmoil ahead, following two days go...

Summary

Trump snapped at a reporter who asked how much economic pain he was willing to inflict amid plunging markets triggered by his new tariffs.

Speaking after a weekend at his Florida resort, Trump dismissed speculation he was trying to crash the market, claiming tariffs would bring in “$1 trillion” and spur U.S. manufacturing.

When asked about a pain threshold for Americans, he called the question “so stupid,” arguing economic “medicine” was necessary to reverse decades of “stupid leadership.”

He insisted the strategy would make the U.S. “solid and strong again.”

  • seeigel@feddit.orgEnglish
    1·
    10 days ago

    I agreed with you. I just think that Varoufakis knew and just was not willing to write that the dollar will depreciate so he gave an explanation that doesn’t make sense.

    Nevertheless, I appreciate your detailed explanations.

    Btw, here is a link of a blog post from 2023 that warned about the tariffs, with a link to the washington post:

    https://www.un-diplomatic.com/p/the-newsletter-that-forewarned-of