Overview

• Anthony Scaramucci predicts coordinated global retaliation, with nations like China imposing counter-tariffs to undermine Trump's trade policies.
• Former Vice President Mike Pence criticizes the tariffs as a 'misstep,' warning they could harm Republicans in the upcoming midterm elections.
• The automotive sector faces projected losses exceeding $108 billion due to the Trump administration's 25% tariffs, according to a new industry report.
• Trump's tariff policies have caused significant global market disruptions, with stock markets reacting sharply to escalating trade tensions.
• Speculation grows that international countermeasures could pressure U.S. allies to shift political allegiances, potentially benefiting the Democratic Party.