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Trump Tariffs Face Intensifying Criticism Over Economic Fallout and Global Repercussions

Joe Scarborough and experts warn of severe economic consequences and lasting damage to U.S. global standing as calls grow for congressional action to moderate extreme tariffs.

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Overview

  • Joe Scarborough denounces the Trump administration's tariff policy as a 'self-induced economic war,' highlighting its voluntary and avoidable nature.
  • Economic indicators show widespread downturns, including deflation, plummeting oil prices, and recessions across multiple sectors, disproportionately affecting working Americans.
  • Scarborough criticizes elite figures, including billionaire Trump supporter Bill Ackman, for their delayed acknowledgment of the crisis and misleading messaging to the public.
  • Panelist Richard Haass warns of long-term damage to America's global economic reputation, including diminished confidence in the U.S. dollar and investment reliability.
  • Scarborough calls on Congress to exercise its constitutional power to moderate extreme tariffs, emphasizing that claims of inaction being unavoidable are false.