“Everyone says ‘When, when, when are you going to sign deals?’ We don’t have to sign deals. We could sign 25 deals right now if we wanted to. We don’t have to sign deals. They have to sign deals with us. They want our market. We don’t want a piece of their market. We don’t care about their market.”
— President Trump, quoted by the New York Times, on trade deals his administration is supposedly negotiating.
“General Motors lowered its full-year profit outlook, just two days after suspending earnings guidance, citing exposure to as much as $5 billion in auto tariffs being levied by President Donald Trump,” Bloomberg reports.
The U.S. economy shrank at a 0.3% annual pace from January through March, the first drop in three years, as President Donald Trump’s trade wars disrupted business, the Associated Press reports. First-quarter growth was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before Trump imposed massive tariffs.
“Despite promises to cut spending during the campaign and his first few months in office, President Trump’s federal government has spent about $220 billion more in his first 100 days compared to the same time period last year,” CBS News reports. “In fact, the government is now spending more, day to day, than was spent in nine of the last 10 years. The exception: 2021, when the government was spending trillions to fight the coronavirus pandemic and prevent an economic disaster.”
CNN: “Consumer confidence sank 7.9 points in April to a reading of 86, the Conference Board said in its latest survey released Tuesday. That’s the lowest level since May 2020 and a larger decline than economists had projected. … The survey’s Expectations Index, which captures people’s outlook on the economy, plummeted 12.5 points this month to 54.4, the lowest level in 13 years.”
A new CNN poll finds a 59% majority of the public now says President Trump’s policies have worsened economic conditions and a 55% majority say that Trump’s tariffs have been bad policy. Overall, 69% of the public considers an economic recession in the next year to be at least somewhat likely, including 32% who say that’s very likely.
The International Monetary Fund yesterday lowered its 2025 growth outlook for the US and the global economy, citing heightened uncertainty and economic disruption caused by President Donald Trump’s sweeping new tariffs. The IMF trimmed the 2025 US growth estimate to 1.8% from 2.7%, the largest reduction among the world’s advanced economies, and cut the global growth forecast to 2.8% from 3.3%. The fund cautioned the trade policy climate and ongoing conflicts between the US and other tariff-hit countries are discouraging investment and spending. US inflation is now predicted to reach 3% this year, one percentage point higher than the IMF’s January projection, while the risk of a US recession has increased to 40%, up from 25% in October.
A new Gallup poll finds that 53% of Americans believe their financial situation is worsening. That figure marks the first time since 2001 that the majority of Gallup’s respondents expressed fears that their finances are not improving.
“The problem with these tariffs is that their scale and indiscriminate nature will have the effect of destroying demand and destroying the capability to develop alternative supply. I suppose if the only goal is to hurt China then shooting yourself in the foot, such that you no longer need to buy shoes for stumps, is a strategy you could choose, but that does nothing to help with what should be the primary motivation: shoring up the U.S. national security base.”
Pundits say that Trump’s $5,000 midterm bribe was an overreach,
And they agree that if lies were a crime, he’d be impeached.
Despite all the dividend promises he’s made,
The fact is, not one has ever been paid,
So even before the midterms, he already owes us $8,000* each.
*$5000 stimulus checks via “DOGE dividend”; $2000 stimulus checks via a “tariff dividend”; $1000-plus checks via “savings” from expiring Affordable Care Act subsidies
“The man is afraid of the voice of the people and that the people understand and know what he’s doing. He’s trying to stifle the ability of journalists to let the people of America know what’s really going on with their government.”
— “Kamala Harris called President Donald Trump’s ban of CNN, MS NOW and Politico from the White House ‘absolutely abhorrent,’” The Wrap reports.
“Not one of them is trained in technical skills. Not one research PhD, as opposed to China, where half the cabinet is science and technology PhDs. We’re led by grifters and fools.”
— Columbia professor Jeffrey Sachs, on X, on President Trump’s 35-person cabinet.
“Mr. President, some of your immigration enforcement efforts have gone too far… The same Hispanics who helped you get to the White House in 2024 feel betrayed today.”
— Rep. Maria Elvira Salazar (R-FL), breaking with President Trump in a direct-to-camera video.
“Donald Trump made over a thousand stock sales and purchases worth between $79m and $270m in July,” The Guardian reports. “His two largest sales were of Amazon and Microsoft stock, selling between $5m and $25m each on 20 July. That same day, he also sold up to $5m worth of Oracle and Costco stock, $500,000 to $1m in Nvidia, and bought up to $5m worth of shares in Intuit and Salesforce, among dozens of other transactions.”
“The unprecedented spate of mid-decade redistricting for the U.S. House has changed the congressional districts for one-tenth of Americans and significantly altered the makeup of at least one-fifth of districts, according to a new study,” the Associated Press reports.
A new Fox News Poll finds 71% of voters think the Trump administration lacks a clear strategy for ending the Iran War, including 95% of Democrats, 83% of independents, and 43% of Republicans. Sixty percent say U.S. military action against Iran was the wrong decision, while just 37% say it was right.
“The Trump administration last year spent $9.5 billion on paid administrative leave for federal workers as part of its plan to shrink the government and save taxpayers money, according to a new estimate by a congressional watchdog,” CNN reports.
Reuters has documented at least 470 targets of retribution under Trump’s leadership – from federal employees and prosecutors to universities and media outlets. The list illuminates the sweeping effort by the president and his administration to punish dissent and reshape the government.
