Financial analyst Steve Rattner slammed Donald Trump’s tariff policies, saying they would harm America’s economy and leave the nation in a worse position. “Trump believes he is winning with his tariffs, but in reality, the U.S. is the loser,” Rattner said.
Speaking on MSNBC’s Morning Joe on Friday, Rattner explained that Trump’s trade war could damage the U.S. GDP if he doesn’t change his approach and end the tariffs.
Rattner shared several charts to show how the stock market had already been slipping. He pointed out that the market has lost $5 trillion in value since Trump’s inauguration. He explained that the market drop started as people grew more nervous about Trump’s actions—or lack of them.
Rattner noted that the U.S. stock market drop was much larger than those in other countries. “In Japan, it was down 2.8 percent. In Europe, it was down 2.6 percent. In the U.K., just 1.6 percent, and in China, only 0.6 percent,” he said.
“You can see, Trump thinks he’s hurting other countries, but we’re the ones who’ve taken the biggest hit,” he added.
You can watch the full segment below from MSNBC.
