Trump tariffs explode, Republicans panic, markets crash
The David Pakman Show - April 3, 2025
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Demented Trump BLOWS UP economy, DESTROYS markets
Donald Trump announced new global tariffs, claiming they would benefit the U.S., but there is no real economic justification for them. His speech was a rambling mix of historical references, misinterpretations of tariff rates, and bizarre tangents, including a nostalgic discussion of the word "groceries." The markets immediately reacted negatively, signaling the real economic consequences of these policies.
Markets COLLAPSE as Trump signs INSANE tariffs
Donald Trump announced sweeping global tariffs after the stock market closed, but immediate after-hours trading saw a sharp decline. The lack of a strategic plan and the abrupt implementation could trigger layoffs and supply chain disruptions, potentially leading to an economic downturn. These tariffs lack economic justification and are driven by Trump's ego rather than a thoughtful long-term strategy.
From yesterday’s show:
TRUMP COLLAPSE: -3.7% GDP estimate ROCKS White House
The U.S. economy is faltering, with Q1 2025 GDP projections ranging from -3.7% to near-zero growth. Economists blame Trump’s tariffs, layoffs, and economic policies for sinking confidence and slowing growth. Even optimistic forecasts predict weak performance, far below Trump’s own past standards. As the downturn continues, voters will judge whether his policies are worth the chaos.
From yesterday’s show:
Tesla sales COLLAPSE, Elon Musk in shambles
Tesla's decline is accelerating, with Q1 2025 sales dropping 13% year over year, marking its worst quarter in three years. While electric vehicle sales continue to grow, Tesla's struggles are attributed to Elon Musk’s increasingly divisive public persona and political controversies, which have fueled boycotts and backlash. Calls for Musk to step down as CEO are growing, as many see his leadership as the primary factor driving Tesla into crisis.
More on the show:
-- Congressman Greg Casar (D-TX) joins David to discuss the future of the progressive movement, the disastrous Trump tariffs, the 2026 and 2028 elections, and much more
-- Some Senate Republicans turn on Trump, blocking his Canadian tariffs, as dissent grows
-- Karoline Leavitt, Donald Trump's White House Press Secretary, is unable to defend Donald Trump's new tariffs in a CNN interview with Kate Bolduan
-- Looking back at a clip of George W. Bush warning about exactly what Donald Trump is doing today is a stark reminder of how much the Republican Party has changed
-- In the midst of absolute economic chaos, Donald Trump's approval rating hits yet another new low
-- On the Bonus Show: House Democrats join plant to force vote on ending Trump's tariffs, Eric Adams announces he will run as independent in NYC mayoral race, two mothers bring House to a half over push to allow proxy voting for new parents, much more...
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Like lambs being led to the slaughter house by FUCKUP TRUMP, we are being sold out to the richest 1%.
Putin meanwhile is the happiest person on the planet. While the United States is falling into bankruptcy because of the idiotic tariffs FUCKUP TRUMP is busy signing into law, Putin is making deals with China, Canada and other of our former allies for the goods FUCKUP TRUMP is putting tariffs on.
Flake News Rollout: Examination of the most recent White House requisitions order revealed that the request for toilet paper greatly exceeded all previous orders. When questioned about the reason for the increased need, a White House spokesperson insisted that the increase just reflected an expected increase in celebrations of popular support for Trump’s recent DOGE initiatives. But private sources suggest that the real reason for the increase was an expectation that Trump’s tariffs on Canadian wood products would cause a shortage of toilet paper in the US, and so the White House was stockpiling. Last year the US imported from Canada two million tons of the soft chips US firms use to make toilet paper. Sources further reported that President Trump requires a large and constant supply of toilet paper because of his chronic incontinence.
(For this and other pertinent FLAKE NEWS REPORTS, go to Shea's Substack (Shea Foote Hansen) at substackcom.