Elizabeth Warren Roasts Trump Over ‘Dumbest Trade War in History’ to MSNBC’s Jen Psaki

MSNBC host and former Biden White House press secretary Jen Psaki  and Sen. Elizabeth Warren (D-MA) shredded President Donald Trump over the “dumbest trade war” in U.S. history on Monday

The stock market dropped after Trump announced his tariff program last week, and continued to sink when China announced reciprocal tariffs. At Friday’s closing bell, the Dow was down another 2,200 points. The carnage continued Monday, with a brief surge after false reports Trump might pause some of the tariffs

On Monday’s edition of MSNBC’s Inside With Jen Psaki, the host asked Warren to explain what the impact of Trump’s trade war could end up being, and Warren said he’s delivering “the worst of all worlds”:

PSAKI: So, let me start there, because I really — a lot of people are just digesting this around the country. And, today, Trump said that maybe some of the tariffs could be permanent. We don’t know that to be the case, but just help us understand what the impact of that could be.

WARREN: So, understand it this way. Donald Trump has done massive tariffs.

And this comes from someone who actually believes that tariffs are an important tool in our economic toolbox. There are good times to use it. We want to onshore a supply chain that we want to protect. We want to make more pharmaceuticals here. We want to make more cars here.

But you do this very carefully and you do it in combination with things you’re doing domestically to support, so that work actually gets done.

Not Donald Trump, comes in and basically starts the dumbest trade war in the history of this country. And then, when the markets respond, when people respond by saying, oh, my God, this changes everything I do, and now we have economists out there debating, are we already in a recession?

We have Goldman Sachs, Jamie Dimon saying, yes, I think we’re already there. You were quoting some of the folks. The head of the Fed on Friday saying prices are going to go up and unemployment can go up at the same time, which is the worst of all worlds.

So that’s all the big noise. But the way this hits families one household at a time, this is going to be about potentially millions of people losing their jobs. It’s going to be about millions of people losing their savings, many people losing their retirement security and at the same time taking on even higher costs for everything they buy.

So that’s going to push us in potentially to foreclosures or people being pushed out of their apartments. I remember this from 2008 and how long it took us to dig our way out. And, to this day, there are families, there are communities that still haven’t recovered.

Recessions can be all those fancy charts and graphs, but, at the end of the day, people feel them one person at a time, and they can be devastated.

Watch above via MSNBC’s Inside With Jen Psaki.