Overview

• President Donald Trump coined the term 'Panican' on April 7, 2025, using it to label critics of his tariff policies as 'weak and stupid.'
• The term quickly went viral online, inspiring memes and widespread reactions that ranged from mockery to support among conservative figures.
• Trump's tariffs, which include sweeping levies on imports from multiple countries, have caused significant market volatility, with trillions lost on Wall Street since their announcement.
• Prominent Republicans, including Senator Ted Cruz, have voiced concerns over the tariffs' economic and political consequences, highlighting fractures within the GOP.
• Business leaders such as Elon Musk and Bill Ackman have warned that Trump's trade policies could lead to long-term economic harm, with some calling for a reversal of the tariffs.