Mar 17-21 was a difficult week for Donald T****, marked by economic struggles and his usual tactics of deflection and misinformation.
- Economic Decline: The economy, which was stable before T**** took office, has worsened under his leadership.
- Consumer Confidence Drop: Consumer confidence is at a four-year low, and the expectation index has fallen to a 12-year low, signaling potential economic trouble.
- Recession Fears: Predictions of a recession are increasing as economic uncertainty grows.
- Walmart’s Decline: Walmart lost $22 billion in value, with its CEO noting more stressed and budget-conscious consumers.
- Tariff Policies: T****’s unpredictable tariffs, including a new 25% tariff on foreign-made cars and parts, are creating economic instability.
- Impact of Car Tariffs: These tariffs will significantly raise car prices, harming American consumers and auto manufacturers, including U.S. automakers with operations abroad.
- Retaliation from Trade Partners: Countries affected by the tariffs—Mexico, Canada, Japan, South Korea, and the EU—are expected to respond with retaliatory tariffs.
- Flawed Industrial Strategy: The plan to boost American auto manufacturing is unrealistic, requiring massive investment and long-term restructuring.
- T****’s Misunderstanding of Tariffs: The president appears not to grasp how tariffs function or their negative impact on the economy.
