Trump News

'It won't be easy': Trump scrambles to defend tariff chaos with plea for patience

The day after Wall Street was once again sent into a sell-off frenzy over fears of Donald Trump's sweeping tariffs announcement earlier in the week, the president took to his Truth Social platform to try and calm nerves while at the same time admitting there will be tough times ahead.

With reports noting Wall Street has lost $11 trillion in value since Trump was inaugurated, with $6 trillion gone in the past 48 hours, the president claimed, without evidence, that things are worse for China.

On Truth Social, he wrote, "China has been hit much harder than the USA, not even close. They, and many other nations, have treated us unsustainably badly. We have been the dumb and helpless 'whipping post,' but not any longer."

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

He then added, "We are bringing back jobs and businesses like never before. Already, more than FIVE TRILLION DOLLARS OF INVESTMENT, and rising fast! THIS IS AN ECONOMIC REVOLUTION, AND WE WILL WIN."

"HANG TOUGH, it won’t be easy, but the end result will be historic," he cautioned. "We will, MAKE AMERICA GREAT AGAIN!!!"

You can see his post here.

Trump has been 'worse than Covid' after only 75 days: ex-GOP lawmaker

Reacting to the economic chaos Donald Trump has set in motion with his decision to institute sweeping international tariffs that have had a devastating effect on the stock market, a former Republican member of the House compared the president to the Covid pandemic.

Appearing on MSNBC on Saturday morning, ex-Rep Dave Jolly (R-FL) attempted to put into perspective the economic damage the re-elected Trump has already done –– long before he has reached the 100-day mark of his second term.

Speaking with "The Weekend" co-host Michael Steele, the former head of the Republican National Committee, Jolly explained, "Let's start with a snapshot in time, a real statistic measurable by consumer confidence. Donald Trump has had a greater impact on economic uncertainty than Covid -9 did –– think about that? In a matter of 75 days, Donald Trump has proven worse than Covid for economic uncertainty. That's your buddy."

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

He then added, "That's families across the country. Those are consumers, low income, high income, wherever they are and I think what's fascinating with this issue, that we may not see with others in the same way, I agree with [California Democratic Rep] Robert Garcia, there's a latency to this where it's going to get much worse."

He later added, "I'm not sure Donald Trump realizes that the world economy may not need the United States of America in 2025. In the past, in trade wars, we were the heavyweight where maybe we knew we could win. I'm not sure we win this trade war."

"There is a good possibility that Donald Trump just launched a trade war that doesn't just cool off, doesn't just return back to baseline, but a trade war that the United States loses," he added. "And it is because of his ignorance, but also because of his vanity that he has gotten us into this. I don't know how he gets us out of it, truly."

You can watch below or at the link.

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'Unhappy' Trump was blindsided by Elon Musk's Pentagon plans: report

A meeting Elon Musk scheduled with Pentagon officials in March was scheduled without Donald Trump's knowledge causing friction between the two, reports the Wall Street Journal.

As part of a deep dive into the relationship between the tech billionaire and the president that Musk had a large hand in getting re-elected, the Journal's Josh Dawsey, Annie Linskey, Brian Schwartz and Dana Mattioli report that tensions within the White House between Musk and staffers led the president to instruct chief of staff Susie Wiles to take control of the situation.

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Trump's global tariff takes effect in dramatic US trade shift

US President Donald Trump's widest-ranging tariffs to date took effect Saturday, in a move which could trigger retaliation and escalating trade tensions that could upset the global economy.

A 10 percent "baseline" tariff came into place past midnight, hitting most US imports except goods from Mexico and Canada as Trump invoked emergency economic powers to address perceived problems with the country's trade deficits.

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America's passion for tariffs rarely pays off, economists warn

Long before Donald Trump's "Liberation Day" announcement, the United States had toyed with imposing high tariffs throughout its history, with inconclusive -- and sometimes catastrophic -- results.

"We have a 20th century president in a 21st century economy who wants to take us back to the 19th century," Dartmouth College economics professor Douglas Irwin posted on X.

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'Winner!' Conservative WSJ editors say China had an 'excellent week' — thanks to Trump

The conservative Wall Street Journal editorial board, after months of warning, has had enough of Trump's tariff scheme — and is putting out a clear message to the administration: You're now making China great again.

Trump’s tariffs are poised to "change the world order in many ways," the board said. And "one winner is already emerging" — Xi Jinping, the autocratic ruler of China, who had an "excellent week."

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Violent felon freed by Trump now accused of attacking 3-year-old

A convicted drug dealer whose sentence President Donald Trump commuted is back behind bars after he was charged with assaulting a 3-year-old child and violating his supervised release, The New York Times reported Friday.

It was the fifth time Jonathan Braun has been arrested since Trump commuted his 10-year sentence as he left office in 2021, according to the report. The decision came as a “last-minute” clemency request that made its way to the president through Braun’s family connection with Charles Kushner, the father of Trump’s son-in-law and White House adviser Jared Kushner, the Times added.

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House Republican plans to become first to 'openly challenge' Trump's tariff power

Legislation is being introduced in the House to curb President Donald Trump's tariff power — and a Republican is introducing it.

According to Politico, Rep. Don Bacon (R-NE), a representative from a competitive Omaha-based district who is known for occasionally criticizing the president, "said he plans to introduce a companion bill to the bipartisan Senate legislation aimed at reclaiming Congress’ authority over tariffs, becoming the first House Republican to openly challenge the powers President Donald Trump is using to launch a massive global trade war."

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'Yikes': Conservative WSJ editors floored as White House touts 'roaring economy'

The Wall Street Journal’s conservative editorial board delivered a one-two punch over President Donald Trump’s “tariff blunder” – and the White House’s creative spin of the fallout – as Friday brought the second straight day of steep market losses.

The stinging criticism came hours after White House press secretary Karoline Leavitt continued to insist that “the economy is starting to roar” as she touted a better-than-expected March jobs report.

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Trump administration 'covertly' denied FEMA relief money for blue states: judge

A federal judge in Rhode Island accused the Trump administration of "covertly" withholding funds for Federal Emergency Management Agency disaster relief programs from states that didn't vote for him, Courthouse News reported on Friday.

"In March, U.S. District Judge John McConnell issued a preliminary injunction in favor of 23 states that sued the government over its plan to implement a broad pause to state aid," noted the report.

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'My ears perked up': Reporter flags Trump's 'highly unusual' and under-the-radar practice

Numerous Freedom of Information Act (FOIA) requests pertaining to Donald Trump were made by journalists during his first presidency as well as during former President Joe Biden's four years in the White House. According to Bloomberg News reporter Jason Leopold, Trump has a history of making FOIA requests himself.

Leopold, in an FOIA Files column published on April 4, explains, "It's highly unusual for a former president to utilize the Freedom of Information Act. That's why my ears perked up when, in March 2023, Trump's then-attorney James Trusty told Fox News that the then-former president submitted a FOIA request to the National Archives and Records Administration. To refresh your memory, NARA is the agency that preserves and maintains America's historical documents."

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'Terrible outcome': Ted Cruz jabs GOP 'cheerleaders' as he warns Trump's bet may backfire

Sen. Ted Cruz (R-TX) delivered a dire warning to American consumers still digesting the effects of President Donald Trump’s massive set of tariffs as he painted a doomsday scenario he said the country is at “a very real risk of.”

The bleak outlook from the Republican senator came Friday on an episode of his podcast, “Verdict with Ted Cruz,” where he turned the tables on Trump and threw a veiled shot at his fellow Republicans.

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'Astonishing': Critics aghast as Trump DOJ essentially tells judge to 'pound sand'

The White House issued a cheeky response to a federal judge who ordered the Trump administration to return a Maryland man mistakenly deported to El Salvador last month.

U.S. District Judge Paula Xinis ruled Friday that Kilmar Abrego Garcia's deportation was illegal and unconstitutional. Garcia was deported despite a 2019 court order protecting him from deportation to El Salvador due to fears of persecution. The judge ordered that Garcia be returned by 11:59 p.m. on Monday.

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