Economy Braces For “Trump Recession” As Prices Rise, 401(k)s Tank, and Americans Reject Trump’s Unaffordable Agenda Arrow

Donald Trump spent his campaign lying about lowering costs - but from Day One, he has failed to deliver and instead is now tanking the economy. As business leaders fear a "Trump recession," prices are rising, 401(k)s are plummeting, and even Trump's team can't agree on a way out of the disaster they created. While Trump doesn't "mind" the economy falling apart and skyrocketing prices, working families are struggling to put food on the table and pay rent - and they're taking notice of Trump's failed agenda.

Here's a look at the chaos Trump's unaffordable agenda is unleashing:

CNBC: "'This is the Trump recession,' CEOs say, with tariff price increases, job losses coming: CNBC survey"

"Over the weekend and on Monday morning, more Wall Street figures began speaking out about the hit to business confidence and the coming hit to the economy, from hedge fund manager Bill Ackman to JPMorgan Chase CEO Jamie Dimon. …

"A majority of CEOs (69%) expect a recession …

"A little over one-third of CEO respondents (37%) said they do expect to cut jobs this year …

"Almost all CEOs whose companies sell goods and services said price hikes are coming, anywhere from 5% to 20%, and the vast majority (82%) expect 'resurgent inflation.'"

CNN: "This is the stock market's worst start to a presidential term in modern history"

"The S&P 500 had lost 15% of its value since Inauguration Day as of Sunday night. And that doesn't even count the massive losses set for Monday's opening bell. …

"The awfulness of the past two days of trading were matched only by the 1987 crash, the 2008 financial crisis and the Covid crash of 2020. …

"The hole blown in Americans' 401(k) plans and investment portfolios is so massive that it will be hard to ignore. And if consumers stop spending, all bets are off in this economy."

Bloomberg: "Price Hikes Are Already Rolling in From Tariff-Hit Businesses"

"The impact was immediate: [Small business founder Bernie] Thompson checked on the laptop docking stations, USB adapters and other products currently stuck on ships en route to the US and realized they will now incur several hundred thousand dollars in tariffs he hadn't factored in. …

"To stay competitive, Thompson said most of Plugable's popular products will see prices rise by as much as 30%. …

"The Bogg Bag company, known for its brightly colored $90 perforated tote bags, is also raising prices by $5 a bag to partially offset the import tariffs. …

"Chad Lee's company, FOAM, imports travel coolers made of Croc-like rubbery foam from China. His tariff bill for a recent shipment just rose to more than $22,800 from about $4,500. He has raised the price of his coolers from $99 to $125."

Wall Street Journal: "The chairman of the White House Council of Economic Advisers acknowledged there are 'conflicting narrative' coming out of the administration on whether they are open to deals to reduce tariffs. …

"Stephen Miran [said] the president would 'welcome' offers to lower tariffs and other trade barriers. That speech happened just after White House trade and manufacturing adviser Peter Navarro penned an op-ed declaring 'this is not a negotiation' with respect to tariffs. And earlier, Treasury Secretary Scott Bessent tweeted that the administration would 'open negotiations' with Japan."

###