Punchbowl News: “Wall Street and global financial markets are reeling from President Donald Trump’s new trade war, frightening members of his own party on Capitol Hill even as White House officials insist they have no intention of walking away from its tariff regime…”
“Bloomberg reports that the market is down 10% since Trump took office, the worst 10-week start in a new administration since George W. Bush took the White House in 2001 amid the collapse of the dot-com bubble.”
“But no president has ever owned a market downturn quite like this…”
“There’s a huge disconnect today between the rhetoric from Capitol Hill Republicans and the White House. Hill Republicans insist that this is the opening stage of a negotiation between Trump and other nations over a new era of trade relations. But the White House says that’s not the case.”
For members: Republicans Own This
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