Trump News

‘Billions of dollars’: Trump celebrates success as multi-day market plunge continues

President Donald Trump began Monday with a Truth Social post celebrating his tariff moves — as experts warned a chaotic multi-day market plunge was set to continue.

Fears of an international trade war have sent markets spiraling since Trump announced Wednesday a baseline 10% tax on imports from all countries, along with higher rates for nations running trade surpluses with the U.S.

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'Weakness and fear': German official exploits apparent rift between Trump and Musk

German Economy Minister Robert Habeck is trying to exploit divisions over tariff policy between President Donald Trump and billionaire ally Elon Musk.

Via journalist Walter Bloomberg, Habeck pointed to recent remarks from Musk saying he would like there to be a total free trade zone between America and Europe in which no one charges tariffs on imports.

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Expert Trump named to justify tariff plan hits out: 'They got it wrong'

A Treasury expert cited by Donald Trump in defense of his tariffs has a message for the president: “They got it wrong.”

Brent Neiman, a Biden-appointed Treasury official, was one of four economic leaders whose work on trade was held up by the president to justify the international charges he levied last week — immediately prompting a now multi-day market plunge.

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'Destroying confidence in our country': Trump-backing billionaires in full tariff revolt

Donald Trump was waking up Monday to news that some of his most prominent backers on Wall Street are joining forces to attack him over his tariff policies, with one saying he has put the country on a path to a "self-induced, economic nuclear winter.”

In interviews with the Wall Street Journal and CNBC, and on social media, hedge fund manager Bill Ackman, a very vocal and prominent hedge fund manager who became one of the president's biggest boosters in the run-up to the 2024 election, railed at the man he once championed.

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'Everybody's freaking out!' CNBC host tells of panic as Trump's 'man-made disaster' grows

CNBC's Andrew Ross Sorkin on Monday delivered a grim assessment of the state of President Donald Trump's economy.

With stock futures once again showing steep losses, Sorkin said that Trump's decision to double down on his widely criticized tariff policies has put markets in a state of total fear.

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Trump said cuts wouldn’t affect public safety — then fired hundreds of firefighters

ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox.

President Donald Trump’s executive orders shrinking the federal workforce make a notable exception for public safety staff, including those who fight wildland fires. But ongoing cuts, funding freezes and hiring pauses have weakened the nation’s already strained firefighting force by hitting support staff who play crucial roles in preventing and battling blazes.

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'I'm all for it': Trump would 'love' to send American citizens to El Salvador prison

President Donald Trump declared his willingness to send American citizens to a notorious prison in El Salvador where his administration has sent alleged gang members.

The president has cut a deal with that nation's president, Nayib Bukele, to send suspect gang members who were deported from the U.S., and he told reporters Sunday evening on Air Force One that he was receptive to an invitation to send additional detainees there – including American citizens.

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'Looked at my 401(k) and gasped': Newsmax host shocked after tariffs hit personal wealth

Newsmax host Jon Glasgow said he was shocked after the stock market's reaction to President Donald Trump's tariffs took a toll on his personal wealth.

"I looked at my 401k and gasped," Glasgow told former Sen. Rick Santorum (R-PA) on Sunday. "I mean, do you think that a lot of Americans are gonna give the Trump administration this grace period here while they trust in his plan?"

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'He makes things up': Fox News panelist curses out Elon Musk for telling 'lies'

Republican and Democratic pundits battled over Elon Musk's numbered days in the government during a profanity-laced panel on Fox News.

On the Sunday panel, Fox News host Mike Emanuel asked Jonathan Kott, a former adviser to one-time Democratic Senator Joe Manchin, if he would miss Musk after the billionaire DOGE administrator returns to the private sector.

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'Trump at center of simmering feud' as GOP grows nervous over Senate seat: report

The Republican Party leadership is urging Donald Trump to step in and quash a challenge to a senior GOP senator who may face a bruising primary fight for his seat.

According to a report from CNN, Senate Majority Leader John Thune (R-SD) has requested the president endorse Sen. John Cornyn (R-TX) which could clear the field of challengers in what could be a costly battle for the nomination which could eat up millions of dollars that could be used elsewhere.

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'Seemingly safe Republican states' in play in '26 if Trump doesn't change course: analyst

Noting that Donald Trump's handling of the economy is getting lower approval numbers that his already low personal numbers, an analyst for the New York Times suggested that is very bad news for the president and likely even worse news for the Republican Party.

In an analysis published on Sunday, the Time's Nate Cohn wrote that, as goes the economy, so goes the fortunes of the party in power.

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'Crisis in masculinity': Fox News pundit claims Trump's tariffs will make men more manly

Batya Ungar-Sargon, a journalist describing herself as a "MAGA lefty," told Fox News that President Donald Trump's tariffs would help bring manly jobs back to America's working class that is facing a "crisis in masculinity."

"It's not just the destruction of the economic vitality of the working class," she explained during a Sunday interview with host Rachel Campos-Duffy, "but there has been a spiritual decimation that has come along that, a crisis in masculinity because we shipped jobs that gave men who work with their hands for a living and rely on brawn and physicality off to other countries to build up their middle class."

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US attorney general says third Trump term would be 'a heavy lift'

The US attorney general said Sunday that it would be "a heavy lift" for Donald Trump to find a legal way to run for a third term as president.

"I wish we could have him for 20 years as our president," Pam Bondi told Fox News Sunday, "but I think he's going to be finished, probably, after this term."

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