US suffered stock market ‘freefall’ after Trump’s trade war with China backfired: MSNBC

President Donald Trump's trade war with China is hurting Americans economically and the Republican Party politically, MSNBC's Yasmin Vossoughian reported Monday.

"Breaking news, everybody. Trump’s tough talk against China backfiring," Vossoughian said.

"China striking back today by raising tariffs on $60 billion of American goods," she noted.

"And here is the result, the markets free-falling on Trump trade fears," she explained. "The Dow tumbling more than 600 points today."

"Trump’s own economic adviser forced to admit Trump is wrong when he says Americans won’t be paying for a trade war, she added.

The issue is not hurting America economically but hurting Republicans politically.

The host played a clip of Sen. Lindsey Graham (R-SC) "roasted" on Saturday Night Live for backing Trump's trade war.

"Let’s try Lindsey Graham. After opposing tariffs for decades, why do you suddenly support them from President Trump?" SNL's version of Chuck Todd said.

"Chuck, listen, when you have a president who’s a financial genius and a business Jesus like Donald Trump, you just got to trust him. This man has lost 100 times more money than I’ve ever made," SNL's Graham replied.

"You’ve done a complete 180 on the president even after calling him a jack*ss during the campaign," SNL's Todd noted.

"Chuck, listen, I’m a man of convictions and principles -- unless he can help me," SNL's Graham replied.

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