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Highlights
- Senator Elizabeth Warren blames Donald Trump's new tariffs for crashing the U.S. economy.
- Warren deems Trump's tariff flip-flopping scheme as an effort to manipulate markets.
- The U.S. senator calls for an end on Trump's tariffs.
U.S. Senator Elizabeth Warren has recently sent shockwaves across America by calling for an investigation into Donald Trump’s new tariffs. On Thursday, April 10, the Senator proclaimed that the President’s latest initiative is primarily to manipulate the market to favor his Wall Street donors.
Warren said, “I’m calling for an investigation into whether President Trump manipulated the market. Did Trump help insiders cash in on his tariff flip-flopping?” she added in an X post shared recently.
Elizabeth Warren Slams Donald Trump’s Tariffs As U.S. Economy Crumbles
In her X post, Elizabeth Warren signaled that the Predent’s tariff saga “sure looks like corruption.” She goes on to add that “Donald Trump is trashing the American economy” with his uncertain tariff flip-flopping in recent days.
The U.S. Senator for Massachusetts highlights how Trump has constantly been changing tariffs across the board, fueling confusion and chaos across global stocks and markets. Particularly pointing towards the major shift in China’s tariff, such as 105% to 125% in just a day, Warren conveys that market uncertainty is at its peak as “no one knows what the tariffs could be tomorrow, next week, or the coming month.”
Besides, after announcing new tariffs, Trump also halted them for a brief period, offering some cool-down period to markets before a final crash. In the interim, Trump sent out a message to his “billionaire buddies, suggesting them this is a great time to buy,” as per Warren.
The Senator calls out on all of these chronicles, saying, “Was that market manipulation, corruption? An independent investigation into the matter is much needed.”
Meanwhile, the chances of a recession and inflation continue to rise. Whereas, PMI and JOLTS data weakens in sync stocks and markets losing alarming values. This current economic scenario has left traders and investors on their toes. Notably, Trump’s tariff’s ripple effect is the primary factor fueling volatility across global markets.
Warren Calls For An End On New Tariffs
In another X post, Elizabeth Warren said, “I’m live on the Senate floor calling on Republicans in Congress to help us put an end to Donald Trump’s tariff chaos.” She believes that this initiative is only hurting the U.S. economy and more damage looms given the Republican is not stopped.
Trump’s new tariffs on many countries again saw a pause for 90 days, whereas tariffs on China were raised to 125%. Pointing toward this aspect, Warren states, “This chaos will keep hurting the American people. Maybe the President is looking for an exit ramp. Maybe he’s not. Either way, this will only end when Congress reins Trump in.”
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