‘Extraordinary mess’: Quest on Trump tariffs

President Trump declared a national economic emergency and announced tariffs of at least 10% across all countries, with rates even higher for nations with the largest US trade deficits. CNN’s Richard Quest explains what's behind the dramatic plan and what it might mean for the world economy. #cnn #cnnnews

[Seafather]

The third idea is to not do business with USA at all.

[Dancommonman]

Want to raise taxes without saying you’re raising taxes.

[janicejohnston]

The US is moving towards a repeat of the stock market crash of 1929.

[RyRaps-Get-It]

As an American of clear conscience, who has taken a healthy number of economics courses (as well as ethics/sociology 👀) i know how bad this is for our country, and our trade partners… so… I gotta say, it’s my personal hope that our trade partners leave this administration blowing in the wind. Not only for their shameful strongarm methods, but also their lack of sincerity/honesty/etc. and their general lack of common decency… Even if it means temporarily hurting the US economy to the point I need to put my life goals off by a couple years, I’m willing to deal with it, so long as our NATO partners make a proper example of this administration, to the point where it wakes people up here domestically… I don’t ever wanna see another administration like this one threaten our safety, and standing on the global stage… period.

[peacelove..]

Yes, what a big mess ! And we, the people, will pay the price of it. Billionaires don't care unless their companies lose money as well

[davidcarpenter]

He is CLUELESS! He said again today, no consumer prices will go up, he heard. Y'all elected a 🤡, so get ready for the sh*tshow.

[TrinaBaker-nh]

Once prices go up they won't come down

[chuyocaca]

Yet! are 100% sure we the US Consumers will get Screwed!

[Kimberly-dtko]

The rest of the world can move on together. We will suffer as a result. Someone else can provide the things they aren't buying from us. Trump will go down as the president who ended the US's place in the global economy.

[ZippingLake]

Welp, good luck, America. You’re on your own.

[christianeroy]

Neither, the rest of the world will say: that's OK, we the free world are going to make business without you!

[colingenge]

“Tariff consequences unknown”??? As if we’ve never done tariffs before? Remember the 30s Depression? Precipitated by tariffs. With our interwoven supply chains, it would be as bad but probably worse.

[nmandowa]

Not all consequences are unknown. Prices going up this much will make it impossible for many to stay out of poverty, while the billionaires retire to their beach resorts.

[Aprilme]

This may be one way to get rid of Trump...

[altcompbinaries]

Horrific. Big f'n mess is an understatement. He's manipulating the markets. I guarantee there were people in the know positioned short to profit from that yuge after-hours crash. It's called insider trading.

[perjensen]

Foxtrot delta tango!!! Get rid of this weak president and his clownshow of administration.

[suntaog]

It is a certainty that the rich are the only people in a position to take advantage of these changes. It is equally certain that the people who will suffer the most are those who are not rich.

[donovanbennett]

What experts are you talking to? Most are saying it's a huge mistake!!

[Melody.B]

Ultimately, the American economy is in a dire state, and avaricious corporations have relentlessly driven up the prices of goods across supermarkets and retail establishments.

[sfl]

Trump needs to have the 4.5 Trillion tax giveaways for the rich people….