Cracks appear among Trump’s cheerleaders amid market turmoil

 https://www.washingtonpost.com/politics/2025/04/07/trump-tariff-reaction/

As the world reels from President Donald Trump’s trade war, JPMorgan Chase CEO Jamie Dimon is alerting shareholders that the tariffs will “slow down growth.” Podcaster Ben Shapiro is warning that the president’s vision of international trade is “mistaken.” And Sen. Ted Cruz (R-Texas) is advising that the tariff strategy carries “enormous risk.”

Shapiro, who initially supported Florida Gov. Ron DeSantis in the Republican presidential primary before switching his support to Trump, spent much of his recent episodes highlighting the flaws in Trump’s tariff push to his audience.

“The president’s vision of international trade is, I’m sorry to say, mistaken,” he said this week on “The Ben Shapiro Show.” “So this is a massive tax increase on American consumers. That’s what it is. And it is designed to be so,” he said, adding that it is “probably unconstitutional … one of the biggest tax increases on consumers in history,” which he said was “predicated on a bad idea of how international trade works.”