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'Oh god!' MSNBC host gasps as economic expert warns of new path Trump put the U.S. on

Reacting to the sweeping tariffs Donald Trump is imposing on the world that sent markets spiraling downward overnight, an MSNBC financial analyst made a prediction that made the host audibly gasp.

Late Wednesday, the president revealed his "Liberation Day" plans that include an extraordinary escalation of what should prove to be a trade war and investor and columnist Steve Rattner had nothing good to say about it during an appearance on "Morning Joe" while speaking with co-host Mike Brzezinski.

After sharing a clip of Trump describing how well he thinks his tariff proposals will pan out, Rattner quickly poured cold water on them after Brzezinski asked him to provide "the big picture here."

ALSO READ: 'Not much I can do': GOP senator gives up fight against Trump's tariffs

"This is this was much more significant than people thought," he began. "The numbers are truly staggering in terms of some of the levels of tariffs they're putting on China, so I think a 54 percent tariff on everything we bring from China."

"All the iPhones, all the clothes, all the toys, all the bicycles, so much of what we need is made there and the prices are going to go up very, very substantially for these goods, for the American people," he elaborated "It's going to have severe economic consequences because it is like a tax, it is going to slow the economy down. It is going to add to inflation and I think it is not inappropriate to start to use the 'R word' for a recession in the context of all this."

That led a dismayed Brzezinski to gasp, "Oh god."

You can watch below or at the link here.

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Sri Lanka's crackdown on dogs for India PM's visit sparks protest

Sri Lankan animal rights activists marched on Thursday to protest the round-up of stray dogs a day ahead of a visit by Indian Prime Minister Narendra Modi.

Authorities in Colombo and the Buddhist pilgrim city of Anuradhapura have reportedly deployed dog catchers to impound hounds ahead of Modi's visit, which begins on Friday.

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Top Russian official in Washington for talks on improving ties

Russia's top economic negotiator announced Thursday that he was in Washington for talks on improving ties, the highest-level visit by a Kremlin official to the United States since Russia invaded Ukraine.

Kirill Dmitriev, the head of Russia's sovereign wealth fund, said he was "holding meetings in Washington with representatives of President Donald Trump's administration", without elaborating.

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'Truly amazing': Journalist slaps down White House aide's attempted fact check

A business journalist quickly slapped down an attempted fact check by a deputy White House press secretary on his revelations about president Donald Trump's tariffs.

Journalist James Surowiecki observed Wednesday evening that the president's sweeping worldwide tariffs seemed to be based on a simplistic formula, which takes the U.S. trade deficit with an individual nation and divides that number by its exports to the U.S.

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'Dangerously naive': Lawmaker flags Trump's ulterior motive for 'new super dangerous tool'

Donald Trump has an ulterior motive for enacting his controversial tariff policy, but there is a way that opponents can fight back, according to Democratic Senator Chris Murphy.

Murphy, who represents Connecticut, said in the wake of Trump's major trade war escalation that "those trying to understand the tariffs as economic policy are dangerously naive."

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'They've lost their cojones!' Two Republicans on CNN get in heated Trump trade debate

Two prominent CNN commentators led a lively debate Wednesday night over President Donald Trump’s sweeping set of tariffs – which quickly went south as "The View’s" Ana Navarro refused to back down from Republican strategist Shermichael Singleton.

Singleton, who expressed support for Trump’s steep new tariffs targeting China and the European Union, found himself the lone voice on CNN’s “NewsNight” defending the policy – and slamming free trade.

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US business groups voice dismay at Trump's new tariffs

by Daniel AVIS

President Donald Trump's tariff announcement on Wednesday was widely panned by US business lobbying groups, who voiced concern about the impact of the sweeping new duties on their operations.

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Shaken NATO allies to meet Trump's top diplomat

by Max DELANY

Rattled US allies will press Secretary of State Marco Rubio Thursday to lay out Washington's plans for NATO and Ukraine, but his first visit to the alliance risks being overshadowed by a growing trade war.

President Donald Trump has rocked the foundations of Western security by casting doubt on NATO's collective defence vow, reaching out to Europe's nemesis Russia, and threatening the territory of Canada and Denmark.

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New Spielberg, Nolan films teased at CinemaCon

by Andrew MARSZAL

Hollywood studio Universal Pictures on Wednesday teased new movies from Steven Spielberg and Christopher Nolan, while showcasing footage from its upcoming sequels "Jurassic World Rebirth" and "Wicked: For Good" at the CinemaCon event.

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'Consequences': WSJ editorial turns on Trump for 'shattering trust' and 'punishing allies'

The Wall Street Journal's conservative editorial board hit President Donald Trump on Wednesday over the steep tariffs he enacted across the globe, warning the MAGA leader that "remaking the world economy has large consequences, and they may not all add up to what Mr. Trump advertises as a new 'golden age.'"

Trump enacted sweeping tariffs, announced during a speech in the White House Rose Garden, declaring April 2 "Liberation Day" as he touted a baseline 10% tariff on imports from all countries, effective Saturday. Trump also said even steeper reciprocal tariffs will be levied on some nations his administration deems harmful to U.S. interests — with rates of up to 50%.

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Senate GOP budget resolution sets stage for raising debt limit by as much as $5 trillion

Senate GOP budget resolution sets stage for raising debt limit by as much as $5 trillion

by Jennifer Shutt, Daily Montanan
April 2, 2025

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'Bad, bad, bad': JPMorgan's scathing assessment of new tariff economy stuns social media

Analysts at JPMorgan Chase warned that the impact of President Donald Trump’s new set of tariffs could take the economy “perilously close to slipping into recession.”

The gloomy economic forecast was released hours after Trump rocked the global financial markets with his announcement of sweeping tariffs in a Rose Garden ceremony on Wednesday – which he dubbed “liberation day.”

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'Penguins will never menace America again': Rachel Maddow mocks tariffs targeting glaciers

MSNBC's Rachel Maddow treated viewers on Wednesday evening to a world tour of some of the stranger places that President Donald Trump slapped with tariffs.

The tariffs, part of Trump's so-called "Liberation Day," tax foreign goods from 10 to 49 percent from just about every other country — but, Maddow noted, they also apply to a few places that don't seem to have much trade with the U.S., or even many people at all, for that matter.

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