Unhinged Donald Trump says Americans will be in “pain” over his tariff insanity

Dear Palmer Report readers: it's Bill Palmer. I'm as sick of Trump as you are. I'm expanding Palmer Report's operations so we can lead the fight against Trump. Click here to donate $25 or $50.

Donald Trump‘s new tariffs are having precisely the effect that everyone but him knew they’d have. Key US trade partners are retaliating against the US. The stock market is plummeting and overnight trading, because Will Street knows just how stupid this all is and how poorly it’ll go. Yet Trump, senile and unhinged, refuses to listen to reason.

Now that everything is immediately going to crap because of Trump’s stupid tariffs, Trump is admitting to the TeeVee cameras that Americans will face “a little pain” from his tariffs.

A little pain? Really? US consumer prices are about to spike, shelves are about to go bare, and gas prices will likely hit all-time highs. It’s going to be a lot of pain for a lot of Americans. What’s surreal is that Donald Trump now sees this is all going to crap, and he’s admitting it, and he still doesn’t care.

I wish I could give you more insight into where this is all headed, but it’s really tough to say at the moment. Any sane person would see these tariffs having disastrous consequences, and reverse course, even if only in the name of political self interest. But with Trump being both psychotic and senile, we have no idea how far he’s willing to take his insane trade war or how bad he’s willing to let things get for the United States economy. At some point, the stock market might plunge so badly that Trump’s billionaire backers, or Republicans in Congress might feel compelled to try to overrule him in the name of their own self interest. But we’re not there yet. And we’re certainly not gonna get there this week. It’s a long battle, this is week two, and it’s important that we not give up.

Dear Palmer Report readers: it's Bill Palmer. I'm as sick of Trump as you are. I'm expanding Palmer Report's operations so we can lead the fight against Trump. Click here to donate $25 or $50.