Barack Obama’s shocking response to Trump’s tariffs exposed.
Former President Barack Obama has finally spoken out following Donald Trump’s controversial tariff announcement.
Trump’s tariffs explained.
Trump’s tariffs were met with fierce criticism from multiple fronts, with markets taking a serious hit.
On April 2, 2025, Trump unleashed his new tariff policy, which rocked the financial world.
Trump dubbed the day “Liberation Day” as he introduced sweeping tariffs.
The new tariff plan includes a blanket 10% tariff on all imports and hefty increases for 60 countries.
Japan will face a 24% tariff, South Africa a 30%, and Vietnam an eye-watering 46%.
Perhaps the most significant impact is China, with a staggering 34% tariff, which raises their total rate to 54%.
Trump’s declaration revealed.
From the Rose Garden, Trump announced: “We’ve been waiting for a long time.”
He declared April 2 as a momentous day in American history, “The day American industry was reborn.”
Trump didn’t hold back, saying the U.S. had been “looted, pillaged, r****, and plundered” by other nations.
The announcement sent shockwaves through the stock market, with the Dow Jones falling 5.5%.
The S&P 500 dropped 6%, and the Nasdaq officially entered bear market territory.
Investors feared the tariffs would hike costs for businesses and consumers, pushing the country into a recession.
Response to Trump’s tariffs highlighted.
Senate Minority Leader Chuck Schumer also raised alarms over the tariffs’ potential impact on the economy.
Schumer stated that the business community was “totally nervous” about Trump’s unpredictable tariff policies.
“Businesspeople like certainty,” Schumer said. “When Trump keeps changing things, it leads to chaos.”
China was quick to respond, announcing their own 34% retaliatory tariffs on all U.S. imports starting April 10.
The Chinese government lashed out at the U.S. tariffs, calling them “a typical unilateral bullying practice.”
China’s finance ministry warned that these actions could destabilize the global economy and trade order.
Obama’s reaction to tariffs clarified.
Former President Barack Obama quickly weighed in during an appearance at Hamilton College in Clinton, New York.
Obama didn’t mince words, saying he had “deep differences of opinion” with the current president.
He specifically criticized the economic policies surrounding tariffs, claiming they wouldn’t be good for America.
Obama also voiced concerns over the government’s stance on free speech and legal representation.
“I am more troubled by the idea that a White House can tell law firms who they can or can’t represent,” Obama said.
Obama dropped a bombshell during his speech: “Imagine if I had done any of this?”
Obama’s remark wasn’t just a rhetorical question – it was a pointed criticism of Trump’s actions.
The former president seemed to suggest that the current administration was undermining basic democratic values.
The clock ticks.
As the April 10 deadline looms, all eyes are on the ongoing escalation between the U.S. and China.
With both countries digging in their heels, the stakes couldn’t be higher for the global economy.
Obama’s comments, Schumer’s concerns, and China’s retaliation suggest this tariff battle is far from over.
As the situation unfolds, analysts are watching how both sides will react to the shifting trade landscape.
Will Trump’s bold strategy succeed in reshaping America’s global position, or will the fallout be too great to ignore?