It was a striking one-two punch attacking the narrative that has surrounded Trump since November — that he is a political juggernaut able to run roughshod over his party and beyond to get his way on everything from economic policy to his choice for Cabinet secretaries. On Wednesday, Trump implicitly acknowledged there are, in fact, checks on his power: the markets and, if you squint, his own party.
Vocal supporter and hedge fund mogul Bill Ackman warned Trump of a “self-induced economic nuclear winter” and accused Commerce Secretary Howard Lutnick of profiting from a bad economy. And the discontent even spread to the podcasting bros who helped connect Trump with a legion of young men during the 2024 campaign, including Barstool Sports’ David Portnoy, who claimed to have lost $20 million after Trump introduced his latest tariffs, with Daily Wire’s Ben Shapiro calling it “about as bad a rollout as you can do.”
“The idea that this is inherently good and makes the American economy strong is wrongheaded,” Shapiro told his viewers. “It’s untrue. The idea that it is going to result in massive re-shoring of manufacturing is also untrue.”
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