Some people are calling it a negotiation tactic while others say that he’s completely lost it. Of course, we are talking about Donald Trump as his trade war has escalated because of his tariff rates so much so that stocks are now tumbling at a rate much higher than anyone has seen in years.
According to the latest reports, President Donald Trump is certainly pushing his limits. His whirlwind decision to upend global trade now has everyone worried that we’ll not only face a recession, but a complete collapse of the global economy.
That’s why experts are calling it Donald Trump’s biggest mistake. The cost of living will see an all-time high while inflation will only get worse before it gets better. That wasn’t the plan for Donald Trump coming in, seeing how the cost of eggs had already tripled when President Joe Biden was still in office.
This all came soon after Donald Trump announced tariffs on 180 counties this week. After his announcement was made, the U.S. stock market plunged that some people believe will also deliver a severe economic shock and trigger a global recession. And of course, there are a lot of people pointing their fingers at the president.
Some fans and critics alike have commented on the matter with, “Classic, JPMorgan’s calling a recession…smells like another bailout already being teed up.”
“Like we didn’t watch this exact scam play out in 2008 and again during COVID. They tank the economy, rake in billions, then show up with their hands out like it’s our fault.”
Another critic wrote, “We have been in a recession since Biden’s reign. They just changed the definition. Anyone who buys groceries knows it.”
“The recession isn’t coming. It’s already been here. It costs on average $11,000 more a year for a family to have the same standard of living they had in 2018.”
And then there was this comment as well: “Hate to break it to you but the majority of Americans have felt like we’ve been in a recession for the last 4 years. That’s why Trump is back in the White House.”
So far Donald Trump himself has not made any comments about the matter but we will definitely update you with all of the latest details as they come in. Watch this space for more.
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