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Trump's Global Tariffs Plan Faces Widespread Criticism for Flaws and Market Impact

John Oliver's satirical takedown highlights the plan's economic shortcomings, nonsensical methodology, and inclusion of irrelevant locations.

  • Donald Trump's global tariffs plan has been criticized for its flawed economic methodology, including a nonsensical calculation that misrepresents tariff data.
  • John Oliver mocked the plan on 'Last Week Tonight,' ridiculing its presentation, including a small chart allegedly used due to wind issues during its unveiling.
  • The tariffs plan inexplicably includes uninhabited locations like the Heard and McDonald Islands, drawing further scrutiny over its practicality.
  • Trump described the plan as heralding a 'golden age of America,' a claim that has been widely dismissed as overly optimistic and misleading.
  • The stock market reacted negatively to the announcement, with some companies, such as Restoration Hardware, experiencing notable stock price declines.
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