Summary
Donald Trump defended his sweeping new tariffs—including a 104% levy on Chinese goods—despite market turmoil and a historic sell-off in U.S. Treasuries.
Speaking to Republicans, he claimed manufacturing is returning to the U.S., repeating, “I know what the hell I’m doing.”
China responded with an 84% tariff on U.S. goods, intensifying a trade war that tanked global markets.
The S&P 500 nears bear territory, and JPMorgan raised global recession odds to 60%. Critics warn of inflation, declining investor confidence, and deepening economic instability.
I’ve never heard a single person say “I know what I’m doing” and then a good result happened…
If you’re in a situation where you need to say that to someone watching, shits already gone sideways.
It’s the international call to get your phone and start filming.
The teetotaler’s version of “hold my beer”.