{"id":1052388,"date":"2025-04-02T18:55:41","date_gmt":"2025-04-02T22:55:41","guid":{"rendered":"https:\/\/democrats.org\/?p=1052388"},"modified":"2025-04-02T18:55:41","modified_gmt":"2025-04-02T22:55:41","slug":"trumps-reckless-and-chaotic-economic-agenda-is-costing-americans-billions","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/trumps-reckless-and-chaotic-economic-agenda-is-costing-americans-billions\/","title":{"rendered":"Trump\u2019s Reckless and Chaotic Economic Agenda is Costing Americans Billions"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

In response to Donald Trump\u2019s chaotic rollout of new blanket tariffs,<\/em> DNC Chair Ken Martin released the following statement:<\/em><\/strong><\/p>\n\n\n\n

\u201cDonald Trump is actively driving the economy off the rails \u2014 and he doesn\u2019t care how much \u2018pain\u2019<\/a> he\u2019s causing in the process. Instead of trying to reel back the tailspin he\u2019s plunging the U.S. economy into with his chaotic and reckless agenda, Trump continues to set working families\u2019 hard-earned dollars on fire. Let\u2019s be clear: with the economy on recession watch, Trump is offering nothing but broken promises and confusion.\u201d<\/p>\n\n\n\n

NEW: Donald Trump\u2019s chaotic and reckless agenda is costing our economy billions \u2014 and Americans are <\/strong>worried<\/strong><\/a> about his dangerous agenda to jack up costs.<\/strong><\/p>\n\n\n\n

CNBC<\/a>: \u201cPolicy uncertainty and new sweeping tariffs from the Trump administration are combining to create a stagflationary outlook for the U.S. economy in the latest CNBC Rapid Update.<\/strong><\/p>\n\n\n\n

\u201cThe Rapid Update, averaging forecasts from 14 economists for GDP and inflation, sees first quarter growth registering an anemic 0.3% compared with the 2.3% reported in the fourth quarter of 2024. It would be the weakest growth since 2022 as the economy emerged from the pandemic.\u201d<\/strong><\/p>\n\n\n\n

CNN<\/a>: \u201cThe US economy faces a growing risk of a recession as surging tariffs threaten to stunt growth, reignite inflation and lift unemployment,<\/strong> according to Goldman Sachs.\u201d<\/p>\n\n\n\n

NBC News<\/a>: \u201cConsumers call for a lifeline as Trump\u2019s tariff \u2018Liberation Day\u2019 nears\u201d<\/strong><\/p>\n\n\n\n

\u201cConsumers\u2019 economic pessimism is worsening as inflation stays hot and a series of new reports flash alarms days before the White House expands its trade war. \u2026<\/strong><\/p>\n\n\n\n

\u201cEconomic sentiment slid 12% this month in the University of Michigan\u2019s latest survey, also released Friday, and expectations for the future plunged 18%. The researchers described \u2018a clear consensus\u2019 in which \u2018Republicans joined independents and Democrats in expressing worsening expectations since February for their personal finances, business conditions, unemployment, and inflation.\u2019\u201d<\/strong><\/p>\n\n\n\n

CBS News\/YouGov Poll<\/a>: 76% of Americans say their income is not keeping up with inflation.<\/p>\n\n\n\n

Economists are already warning of a <\/strong>\u201cserious Trump recession,\u201d<\/strong><\/a> while a majority of Americans reject Trump\u2019s handling of the economy and fear even higher prices. <\/strong><\/p>\n\n\n\n

The Telegraph<\/a>: \u201cEconomists are starting to worry about a serious Trump recession\u201d<\/strong><\/p>\n\n\n\n

Newsweek<\/a>: \u201cTrump’s Approval Rating on the Economy Hits New Low, Polls Show\u201d<\/strong><\/p>\n\n\n\n

Gallup<\/a>: 59% of Americans disapprove of Trump\u2019s handling of the economy.<\/p>\n\n\n\n

Fox News<\/a>: 58% of Americans disapprove of Trump\u2019s handling of inflation, including 20% of Republicans and 69% of independents. <\/p>\n\n\n\n

Fox News<\/a>: \u201c[Tariffs] are viewed mostly through a negative lens, with voters thinking they are more likely to harm the U.S. economy (53% harm<\/strong> vs. 28% help) and make products more expensive (69% more<\/strong> vs. 7% less).\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"

In response to Donald Trump\u2019s chaotic rollout of new blanket tariffs, DNC Chair Ken Martin released the following statement: \u201cDonald Trump is actively driving the economy off the rails \u2014 and he doesn\u2019t care how much \u2018pain\u2019 he\u2019s causing in the process. Instead of trying to reel back the tailspin he\u2019s plunging the U.S. economy […]<\/p>\n","protected":false},"author":292,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1052388","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nTrump\u2019s Reckless and Chaotic Economic Agenda is Costing Americans Billions - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/trumps-reckless-and-chaotic-economic-agenda-is-costing-americans-billions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-02T22:55:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?w=1024\" \/>\n<meta name=\"author\" content=\"Adrianna Tomasello\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adrianna Tomasello\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/trumps-reckless-and-chaotic-economic-agenda-is-costing-americans-billions\/\",\"url\":\"https:\/\/democrats.org\/news\/trumps-reckless-and-chaotic-economic-agenda-is-costing-americans-billions\/\",\"name\":\"Trump\u2019s Reckless and Chaotic Economic Agenda is Costing Americans Billions - 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