Donald Trump hit the brakes on his disastrous tariffs this week, but don’t be fooled. The 90-day pause is temporary, and the economic pain is already being felt across America, and around the globe.
Let’s be crystal clear:
Trump’s tariffs hurt American workers, American consumers, and American allies, and if given another shot, he’ll do it all over again.
Here are 5 devastating ways Trump’s reckless trade war is hurting America:
1. U.S. Markets Are in Chaos
Wall Street is reeling. Stocks soared after Trump paused his tariffs, only to crash again the very next day. The Dow dropped 2.3%, the S&P 500 tanked, and investor confidence vanished overnight. The fear gauge (VIX) hit levels we haven’t seen since the darkest days of COVID.
2. Global Trade Is in Turmoil
From London to Tokyo, markets around the world are rattled. Trillions in value have been wiped out, and even our closest allies are hitting back. Europe, China, and others are preparing retaliatory tariffs, making everything from steel to cars more expensive for American families.
3. American Consumers Pay the Price
Trump brags about bringing in billions from foreign countries, but those costs are falling straight on us, the American people. Higher tariffs mean higher prices on everything from groceries to electronics to auto parts. It’s a hidden tax on working families, plain and simple.
4. Small Businesses Are Getting Crushed
Local manufacturers and family-owned farms are losing contracts, slashing jobs, and shutting down operations. They can’t keep up with soaring costs and shrinking export markets. Trump’s trade war is already devastating the American people, just months after he returned to the White House. MAGA ran a 2024 campaign centered on economic reform and prosperity. But the truth is, they lied to the American people from the start. Now, families, workers, and businesses across the country are paying the price.
5. Recession Warning Signs Are Flashing
Economists are sounding the alarm. Goldman Sachs downgraded China’s GDP. JP Morgan warned the tariffs could drag us straight into a global recession. And the Federal Reserve’s progress on inflation? Undermined by Trump’s economic chaos.
This is not leadership, and Trump is poised to double down.
The 90-day pause is a stunt to calm the markets before launching another round of economic warfare. We’ve seen this movie before, and we know how it ends: with American workers footing the bill.
We can’t afford another round of Trump’s reckless trade wars. We need to fight back; join our campaign to hold Trump accountable. Let’s send a message loud and clear: America deserves better than this.
Thank you for joining us this week, and stay informed with NDLB!