Economics Expert: Trump’s UK-US Trade Deal Is Just A Photo Op With Little Macroeconomic Significance.
https://x.com/JustinWolfers/status/1920442315048403402
CNN Host: “Is [this] something you would consider a major trade deal?”
Economics Expert Justin Wolfers: “No…the United Kingdom…is our 11th-largest trading partner. They account for three, count ‘em, 1-2-3, percent of American trade…that leaves 97% of American trade absolutely up in the air.”
Powell: Inflation and Unemployment Will Likely Rise and Economic Growth Will Slow If Trump Sustains His Tariffs.
https://x.com/Acyn/status/1920186154105909636
Federal Reserve Chair Jerome Powell: “If the large increases in tariffs that have been announced are sustained, they’re likely to generate a rise in inflation, a slowdown in economic growth, and an increase in unemployment.”
Murray: Our Economically Illiterate President Is Pushing Our Country Into A Recession.
https://x.com/PattyMurray/status/1920155946484936766
Senator Patty Murray (D-WA): “One economically illiterate President is forcing a totally thoughtless trade war onto the entire world…he is pushing our country into a recession while increasing taxes on everyone. […] Congress needs to take the matches away from the President who is setting fire to the economy.”
Port of Seattle Commissioner: “We Currently Have No Container Ships At Berth.”
https://x.com/Acyn/status/1920293871046865044/history
Port of Seattle Commissioner: “I’m looking out at the port of Seattle right now, and we currently have no container ships at berth. And that happens every once in a while in normal times. But it is pretty rare. And so to see it tonight is, I think, a stark reminder that the impacts of the tariffs have real implications.”
Schiff: There Is One Man To Blame For Higher Prices, Tariff Taxes, and No Growth: Donald Trump.
https://x.com/SenAdamSchiff/status/1920166322853343373
Senator Adam Schiff (D-CA): “[T]he damage in the near-term is irreversible and I think a lot of the damage he’s done is irreversible in the long-term. He’s already caused the economy to contract and we need to be doing everything we can to improve the economy; doing things that are counter-productive like these tariffs and other body blows to the economy are pushing the country towards a recession, which would be tragic – and Donald Trump will own it, it will be the Trump recession if it happens.”