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"Business reporters, hedge fund managers, and Wall Street analysts are all looking at President Trump's sweeping tariffs and saying: Make it make sense.
Trump's tariff chart was 'illogical and absurd,' full of 'factually incorrect' numbers about what other countries charge the U.S., Dan Ives of Wedbush Securities wrote to clients this morning."
~ Brian Stelter
#Trump #tariffs #economy #LiberationDay #recession #inflation #stupidity
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https://view.newsletters.cnn.com/messages/17436850618050849f7bb8bd0/raw
"Daniel Dale's CNN fact-check of the speech found false claims about who pays tariffs; the U.S. trade deficit with Canada; U.S. wealth; Canada's dairy tariffs gas prices; and previous presidents' tariffs on China.
'The president relied on claims that have been debunked many times before,' the Washington Post's Glenn Kessler wrote overnight."
#Trump #tariffs #economy #LiberationDay #recession #inflation #stupidity
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"But now his nonsensical statements 'are determining policy that will increase the costs of goods for many Americans.'
So if Trump's policy is built on 'astonishing historical falsehoods' and 'mathematical sleight of hand,' as Zev Shalev wrote in his Narativ newsletter, news outlets need to keep the facts front and center while also covering all of the market fallout."
#Trump #tariffs #economy #LiberationDay #recession #inflation #stupidity
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"To be clear, it's not just journalists asking 'WTF?' Economics professor Justin Wolfers wrote on Bluesky that the 'Incoherent, ill-informed tariffs based on fabrications, imagined wrongs, discredited theories and ignorance of decades of evidence.'"
#Trump #tariffs #economy #LiberationDay #recession #inflation #stupidity
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@wdlindsy@toad.social"Is Trump an economic ignoramus, or just a pathological liar? Both, most likely. It is precisely because his lies promote policies that wreak such havoc that news outlets, Democrats, and anyone who cares about truth must reject the notion that fact-checking no longer matters."
~ Jennifer Rubin
#Trump #tariffs #economy #LiberationDay #recession #inflation #stupidity #lies #FactChecking
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