Transcript:
I’m Thomas Mills for PoliticsNC. Today is Thursday, April 10, 2025, and Donald Trump has caved.
Trump backed down on his threat to impose massive tariffs on countries across the world after the stock market crashed and investors fled the bond market.
Trump’s retreat caused the stock market to rally and eased fears of a recession.
Trump left a 125% tariff on all goods from China so we still face the prospect of rising prices and a return to more inflation.
Trump’s toadies tried to put a good face on the capitulation, implying that he planned the whole thing.
Well, if he did, he cost Americans billions of dollars and got nothing for it.
Nobody reached any trade agreements with him.
Besides, Trump admitted that he was spooked by the bond market.
But don’t worry. The people surrounding Trump probably made bank.
Trump telegraphed his intention to pause the tariff scheme in plenty of time for his friends to buy while the market was low.
The spike in the NASDAQ began minutes before Trump’s announcement.
Somebody clearly knew something.
If, as Trump’s people claim, the whole thing was planned, then that’s market manipulation.
Never take your eye off the grift.
This administration is about bilking the American people and enriching Trump and his cronies.
While Trump may have backed down, he’s still left us in a world of uncertainty.
A lot of the money that left the market won’t come back.
Investors want stability, not the unpredictability of Trump’s on again off again tariff threats.
Buckle up. It’s going to be a rough ride.
I’m Thomas Mills, signing off for PoliticsNC.
Share this post