Here's what the smartest people in markets and economics are saying about Trump's tariffs
No one except the filthy magamoron cult of delusional stupidity has anything good to say about convicted felon criminal traitor tariffs
Nouriel Roubini
Nouriel Roubini, a professor emeritus of the NYU Stern School of Business, said the "Liberation Day" label was "Orwellian doublespeak."
Justin Wolfers
"Monstrously destructive, incoherent, ill-informed tariffs based on fabrications, imagined wrongs, discredited theories and ignorance of decades of evidence. And the real tragedy is that they will hurt working Americans more than anyone else," said Justin Wolfers, economics professor at University of Michigan and public policy scholar, on BlueSky
If the US wants to continue down this "kamikaze path," the UK will have to respond, O'Neill added. "It is the US which is going to be hurt more, especially in the short-term, from these rather insane moves."
Stephanie Kelton
"Just had a journalist ask me to explain "Liberation Day,"" Stephanie Kelton, author of The Deficit Myth, wrote in a post on X. "I told him it's about liberating Americans from some of the cash in their wallets."
George Saravelos
George Saravelos, a Deutsche Bank analyst, said in a Friday note that markets were pricing in a global recession.
The Prez said he'd make us tired of winning…I'm there now!"
American Enterprise Institute
Kevin Corinth, senior fellow at the American Enterprise Institute, a right-leaning, DC-based think tank, wrote in an article published Friday that the formula behind Trump's tariffs, which puts heavy emphasis on trade deficits, makes "no economic sense."
"It's painful to see a ruinous decision from back in the 1920s being repeated," Sowell said. "If you set off a worldwide trade war, that