‘A judicial coup’: Trump advisers rage as president rejects multiple lifelines from markets, voters, and courts on disastrous tariff policy

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Recommended VideosAccording to MSNBC, the markets were the first to signal concerns about Trump’s tariff decisions, showing significant drops when he imposed and withdrew tariffs on Canada, China, and Mexico. Consumer spending growth dropped to 1.2 percent, less than half the average seen from 2022 to 2024. The predictability of Trump’s tariff threats and subsequent retreats has led traders to develop a strategy called “TACO” (Trump Always Chickens Out). A similar ruling from a federal district court judge followed, but Trump’s administration continues to resist these legal challenges. Despite multiple warnings from markets, voters, and courts, Trump maintains his stance on tariffs, though he has delayed implementing blanket tariffs for 90 days for all countries except China.