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Date: 2025-11-19 Page is: DBtxt003.php txt00029155

TRUMP ARROGANT AND INEFFECTIVE MeidasTouch: Trump PANICS in Morning as Countries RETALIATE (from April 2025) PLAY YOUTUBE VIDEO Original article: https://www.youtube.com/watch?v=DpvFzhEU_nw
Trump PANICS in Morning as Countries RETALIATE MeidasTouch Apr 9, 2025 5.47M subscribers ... 496,136 views ... 29K likes MeidasTouch host Ben Meiselas reports on Donald Trump panic posting on social media in the morning as China and Europe and other nations start retaliating more against him and the United States. Visit https://meidasplus.com for more! MeidasTouch relies on SnapStream to record, watch, monitor, and clip the news. Get a FREE TRIAL of SnapStream by clicking here: https://go.snapstream.com/affiliate/m... Support the MeidasTouch Network: / meidastouch Add the MeidasTouch Podcast: https://podcasts.apple.com/us/podcast... Buy MeidasTouch Merch: https://store.meidastouch.com Follow MeidasTouch on Twitter: / meidastouch Follow MeidasTouch on Facebook: / meidastouch Follow MeidasTouch on Instagram: / meidastouch Follow MeidasTouch on TikTok: / meidastouch How this content was made Auto-dubbed Audio tracks for some languages were automatically generated. Learn more Peter Burgess COMMENTARY This video has been archived 'out of order' because the archived image was identified incorrectly. The original information goes back to April 2026. Peter Burgess Transcript 0:00 Donald Trump has been making post after post all morning as his 104% tariffs went into effect against China. China retaliated also in connection with the tariffs Donald Trump put against Europe. Europe retaliated. No one's really backing down. This trade war is only escalating. Uh the future markets were in the red. They looked awful uh before the market open. Donald Trump trying to manipulate the market and pump it up. It was post after post. As Philip Bump says, 'Seems like someone might be a panicking.' That's Donald Trump's word. You don't want to be part of the panicking party. And it's always projection and confession when it comes to Donald Trump. This is the type of stuff he's been posting all morning. This is a all in caps. By the way, this is a great time to buy exclamation point exclamation point DJT. You know, just so reckless and irresponsible. I mean, as a lawyer, you know, I recognize that the reason why 1:01 you even have a securities and exchange commission, um, is to try to stop the manipulation of securities and equities markets. So, just imagine if a CEO, say of like Apple or whatever company said, 'Time to buy my stock,' it would pump it up right away, even if artificially for a short period of time before it then crashes again, screwing over investors. And so you never really had a president in the history saying bye bye bye. You need to buy the same way Donald Trump sells like Trump stakes and Trump vodka which went bankrupt. Um and by the way Trump's own stock Trump media has just been doing abysmally uh this year as well. And frankly uh since he pumped it and then there was this crash thereafter. Donald Trump's other post this morning be cool. I mean he's a deeply unserious person. Be cool. everything is going to work out well. The US will be bigger and better than ever before. And then it's just post 2:00 after post. It's imperative that the Republicans in the House pass the tax bill now. Republicans, it's more important now than ever. We pass this one, the big beautiful bill. The USA will soar like never before. Make America great again. This is a great move for your company. A great time to move your company into the United States. Big, beautiful bill. What's going on? So utterly ridiculous. Uh the world continues to respond to Trump's trade war. Uh the world is not the MAGAR Republican MAGA mush party. Uh the world sees the United States now under Donald Trump for what it is. By the way, Trump's favorability plummeting as well. More on that in a moment. Uh but the European Union has approved its retaliatory tariffs between 10 and 25% on US goods. China is imposing an additional 84% tariff on imports from the US. Last night there was also a meltdown uh in the bond market and there 3:01 were um some wondering if China um was uh unloading some of the notes that it was uh holding. Just take a look right here um of the latest yuggov poll. Um the yuggov economist poll out today is back. Trump is a negative1 net, undoing all of his gains during the Biden administration and post 2024 election. Now, he's firmly in the territory of firstterm levels of unpopularity, as G. Elliot Mor Morris uh writes also when it comes to as you poll people on uh Donald Trump's net favorability on the economy, net favorability on tariffs, I mean it is plummeting -1834 I think on the on the tariff issue. Americans are pissed. So Don naturally Donald Trump's Treasury Secretary Scott Bessant was on Fox again this morning and he's asked by Maria 4:00 Barteroma on Fox. Um she goes, 'Business leaders say to me, why are you doing this? I mean, we all know it's smooty tariffs in the 30s that this leads to depression that tariffs are not good in in 2025 modern world. They were never good. Why are you doing this?' And just watch Trump's Treasury Secretary Scott Besson's ridiculous answer here. Play this clip. People, business leaders are saying to me, 'Why are we doing this?' Everyone was very excited about President Trump's agenda, deregulation, tapping into energy, tax cuts, and now boom, with these tariffs, everything has changed. Why are we doing this? Well, Maria, I think it's, as you said in the last segment, it it's all of the above. you know, pre President Trump was elected with with a mandate. Uh, you know, he's closed the border. So, check on that. Uh, we are the doing uh the very large deportation of people, 5:01 criminals and people who have overstayed uh their their visits, their their uh their periods. So, uh, we're in the midst of that and now President Trump is tackling the trade agenda and this isn't done in isolation. So, then Scott Bessant is asked about the 104% tariffs the US put on China, the retaliatory tariffs that China just issued against the US. And Scott Bessant, Treasury Secretary of the United States, his response is, 'But so what?' But so what? here, play this clip that they they have some very smart the economist, the academicians, technocrats within their bureaucracy and they would be telling the leadership that we do not have the edge here. They are the surplus country that their exports to the US are five times 6:00 our exports to China. So they can raise their tariffs, but so what? So, I let's talk about this for a second because I I wonder I I agree with you. I mean, I think that China needs the United States so much more than the US needs China, but the economies are so connected, Secretary. You know, we're buying all this cheap stuff. People expect things to be cheap and and we know it's because they they're made uh in China and and it feels like a soft war right now with with China. So you have Donald Trump's statements this morning are be cool exclamation point bye bye-bye be cool and then you have the Treasury Secretary Scott Bessant but so what you can hear from someone who actually understands the way finances work uh Jamie Diamond uh CEO of JP Morgan uh he believes that uh we are heading into a recession uh he believes that you're going to see a lot of defaults 7:00 by businesses soon. Um, and that it's going to uh accelerate unfortunately soon. Here's what Jamie Diamond from JP Morgan has to say. Play this clip. And that obviously drives a lot of growth. It drives corporate profit. So, I think what you're going to see now is corporations making announcement after announcement about don't expect my guidance to be true. I'm going to hold back here a little bit. These are long-term decisions they have to make. They may want to see the tax bill, which, you know, hopefully they can get done in July. So yeah, I think you you're going to see a slowdown. I think the economists are probably right to say that you should expect that. Well, how significant a slowdown? I mean, are you seeing defaults? Not yet, but I expect them. And the other thing which we haven't had a any slowdown or real recession and co was so short I almost don't include it in so long that if you have rates going up a little bit and inflation is sticky and credit spreads are gapping out, which they're going to, I think you'll see more credit problems than people have seen in a long time. I mean, by the way, I mean, you can say what you want about J about Jaime Diamond and JP Morgan and and bankers, 8:02 whatever. But see, you see how Jaime Diamond is speaking at least like an adult, like a rational person, like a leader. Um, as opposed to what Donald Trump, Bye, bye-bye. So cool. Be cool. That that that's that's an important point I just want I just want to make. Donald Trump's behavior isn't normal. It's not normal. That type of behavior would not allow you to be a leader anywhere other than the Republican party in the United States, which would apparently allow you to have the highest position of leadership in in the United States. Um, but I I never want to normalize just the the behavior, the vulgarity that Trump's a sexual predator. He's found liable for sexual assault. He's a felon. He's been found liable for fraud. He's bankrupt in most of his businesses. I just don't want to lose sight of just those facts in in all of this. By the way, prices are going up, too. Housing is not more affordable. 9:01 There's no peace in Ukraine in 24 hours. Those were his central promises. As the Wall Street Journal reports, China has readied its trade war arsenal against uh the US for some time now. Beijing strategy to hit back at Trump goes well beyond tariffs, targeting companies who bank on their China ties. A central thread running through its calculus is how to inflict hardship on the companies that bank on their ties with the world's second largest economy. Here's a sad stat that um we learned about today from the Wall Street Journal. Parents are about to tap into their 529 college accounts. They can't wait out this market turmoil. Ups and downs of stocks matter when it comes to pulling their money out. By the way, as I think about Donald Trump's post, be cool. Now is a great buy opportunity. I think about his post February 24th of 2020 uh right before COVID hit our shores as Donald Trump was saying like a miracle it was all going to go away. You 10:01 remember what he posted on February 24th, 2020. He wrote the Corona virus is very much under control in the USA. We are in contact with everyone in all relevant countries. CDC and World Health have been working hard and very smart. Start stock market starting to look very good to me. It's February 24th, 2020. He posted that. And as Aaron Fner also explains, it's easy to forget as Scott Bessant in those clips looks helpless amid the growing economic carnage. He's also in charge of the IRS. As the Treasury Secretary, he's in charge of the IRS. You remember all those headlines involving the IRS soon? Tax revenue looks like it's going to drop about 10% amid turmoil at the IRS. IRS laying off 20,000 workers. IRS has like cycled through three people already who are leading it and they're getting removed, removed, removed again. Some other stats worth talking about. 11:00 Amazon's cancelling some inventory orders from China after the tariffs. US is now having to weigh farmer bailouts as China retaliation threatens American exports. Um, but all of this is fine to Donald Trump because for him this is part of the authoritarian playbook where he now has foreign leaders as he goes, I've got foreign leaders kissing my ass. They need me. I'm needed. They want to make a deal. You go, businesses have to ask for exemptions. Authoritarians want to hand out breadcrumbs and make people grateful for Oh, thank you. Thank you. Thank you. If you're economically independent, if you're economically mobile, it's harder for an authoritarian to subjugate someone who's got their independence. So, that's what this is all about as well. We'll keep you posted throughout the day. Hit subscribe. Let's get to 5 million subscribers. Thanks for watching. Love this video. Continue the conversation by following us on Instagram, Midasouch, and help us blow 12:01 past 1 million followers. 12:05 [Music]

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