Dear John,
Today’s news could easily make you think Trump is sabotaging our economy on purpose. Global markets plunged, oil prices collapsed, and the White House scrambled to cancel a major press conference with Israeli Prime Minister Benjamin Netanyahu. At the centre of it all? President Trump’s reckless tariff policy.
Let’s talk numbers. The Dow dropped nearly 350 points. The S&P 500 teetered into bear market territory, and while the Nasdaq eked out a minor gain, overall investor confidence evaporated. Overseas, the picture was just as grim: the Hang Seng fell 13.2%, while Germany’s DAX, France’s CAC, and the FTSE 100 each lost more than 4%.
This global spiral is being driven by Trump’s sweeping tariffs — an economic grenade disguised as protectionism. The administration has levied blanket import taxes, sparking fears of inflation, supply chain disruption, and, increasingly, recession. Wall Street isn’t buying the “America First” spin anymore. Goldman Sachs raised the odds of a U.S. recession to 45%. Many believe we’re already in one.
The oil market is flashing red, too. West Texas Intermediate dropped below $60 a barrel, marking a four-year low. Trump is doing his best to pass this off as a win (cheap gas) but anyone with half a brain realises this is a recession indicator.
And while markets were melting down, the White House added to the confusion by canceling a high-profile press conference with Netanyahu, likely due to frictions over the announced 17% tariff on Israeli goods. This could be a sign of change in the U.S.-Israeli relationship, or merely a side effect of today’s chaos.
This isn’t just bad policy. It’s a snapshot of an administration flying blind in a storm it created. The markets are watching. So are U.S. allies. And neither seems reassured by what they’re seeing.
If we want to stop this economic freefall and build a future that works for working people—not just the wealthy few—we have to be the voices calling it out. Trump’s MAGA agenda has failed the test of economic leadership time and time again, leaving families to deal with the consequences. But if we organize, speak up, and keep telling the truth, we can turn this chaos into momentum. Join us today.
More soon,
The No Dem Left Behind Team
