“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.”
The United States and Ukraine no longer seem to be in synch,
After Trump lifted Russia sanctions with a grin and a wink.
Trump coordinated it with Putin,
Who ramped up the drone shooting,
After Trump and Elon Musk throttled Ukraine’s Starlink.
“Take, for example, the French Revolution. Remember when Marie Antoinette said, ‘Let them eat cake’? Now, is that a problem of accountability and tyranny, a corrupt government? Or is it a problem of affordability and standard of living? It’s both! Authoritarianism and tyranny are extremely expensive for the people. And it’s the exact same thing when you go down the line with Donald Trump. So, are we going to go after the corruption? Yeah, you’re damn right. And are we going to go after affordability and making people’s lives easier? Yeah, you’re damn right. We’re going to do both of them.”
“Here’s the problem with the red meat: It becomes an addiction. Once you go there and you put that out there, then you’re forced to defend it. So what do they do? They double down. They triple down again.”
— Sen.-elect Abdul El-Sayed (D), quoted by the Washington Post, on Republicans relying on anti-Muslim attacks in the Michigan U.S. Senate race.
“If it wasn’t for President Trump the United States of America would not exist right now. This man saved America. He saved our military from collapse. He saved our economy from destruction. He saved our border from annihilation. He saved our country from threats at home and abroad which would have been the end of the American dream for ever.”
— Stephen Miller, quoted by The Guardian, pledging “total devotion” to President Trump.
A record number of women are running for state legislative seats this November, more than two-thirds of whom are Democrats, reports Florida Phoenix. Across the 46 states with legislative seats on the ballot, a total of 3,824 women are running — up from 2022’s previous record of 3,621 women candidates, according to the Center for American Women and Politics at Rutgers University. Women make up 35.5% of all state legislative candidates this cycle. Currently, women hold about one-third of state legislative seats across the country — a record level of representation but nowhere near parity.
“Prediction markets about the 2026 midterm elections have surpassed $1.4 billion in trading volume as Election Day fast approaches,” CNN reports. “This year has seen massive growth in the prediction industry, where people can bet on real-world events like sports, entertainment and the weather. While small-scale election markets have been around for a while, they gained traction before the 2024 presidential election and have seen huge numbers for the 2026 midterms.”
G. Elliot Morris: “Low-knowledge 2024 voters say they backed Trump by 8 points, according to our poll. Today they give him a net job approval of ?27, a 35-point shift. Compare that to Trump’s approval rating among voters who got both questions right: These voters backed Harris by 1 point and now give Trump a net ?24 approval, a 23-point shift. … Low-information voters have moved against Trump at a higher rate than high-information voters, by 12 points.”
President Donald ?Trump’s approval rating fell to a record low as Americans worried about high gasoline prices and appeared ready to punish his Republican Party in the November 3 congressional elections, according to a Reuters/Ipsos poll that closed on Monday. Some 31% of Americans approve of Trump’s ?performance in office, down a percentage point from two weeks earlier and the lowest level in ?either of his presidential terms, the four-day poll showed.
KFF Poll: “With the 2026 midterm campaigns in full swing and early voting about to begin, there is a wide enthusiasm gap between partisan voters, with Democratic voters 25 percentage points more likely than Republican voters to say they are ‘more motivated’ than usual to vote (63% vs. 38%).”
