A.G. Gancarski
Equities markets are in the red after President Donald Trump rolled out tariffs this week, but that’s not stopping U.S. Rep. Byron Donalds from defending the move.
Donalds, a Naples Republican who is running for Governor next year, likened the U.S. economy to the nation’s Olympic basketball team, saying the world has caught up to a U.S. product that once overwhelmed all competition.
“The corollary is United States basketball. Back in ’92 when it was the Dream Team, it didn’t matter what team you threw out there. We were going to dominate them and it was going to really be ugly. Today’s Dream Team, we still win the gold, but the games are harder. We’ve got to compete,” Donalds said on “Varney and Co.”
Indeed, Donalds said prime Michael Jordan and the crew aren’t able to save the day anymore for U.S. exports.
“It’s the same thing in the global economy. These nations have become not just developing nations, they are now strong economies. And so we have to have fair trade if you’re going to have free trade. And so that’s why the President’s plan, I think, is going to work for the American people and it’s going to work for high-paying jobs for the Americans over the long term,” Donalds said.
The President takes a similar viewpoint regarding tariffs of up to 49% on some countries.
“The markets are going to boom, the stock is going to boom and the country is going to boom,” Trump said Thursday, according to The Associated Press.
Ahead of the anticipated booms are some mortar shells in the form of reciprocal tariffs. The AP notes that China will add a 34% tax on American imports starting April 10.
___
Material from the Associated Press was used in this report. Republished with permission.
13 comments
Ron Ogden
April 4, 2025 at 9:52 am
““The markets are going to boom, the stock is going to boom and the country is going to boom,” Trump said Thursday.’
This is true, but the markets are not booming at 10am Friday and that is ALL the TV news is concerned about–to make sure everybody knows that it’s a cataclysm and the future is lost and the only way to save America is bring back BIDEN!
Peachy
April 4, 2025 at 9:54 am
Funny watching those replays of Biden getting out of the car in Normandy. He has that “where the phuck am I” look on his face. A huge coverup by the White House press corps and the media at large.
Ocean Joe
April 4, 2025 at 8:45 pm
Normandy. Isnt that where Trump refused to go because it was raining? You guys are pretty cavalier about the market crash. What basis is there for recovery? Retraction will impact earnings and Trump will join W and Hoover with his economic genius. Maybe he blames it all on Lutnick, or keeps trying to claim Buffett likes his ideas. Face it, he screwed all of us, including you cult members. The midterms cant come soon enough.
Skeptic
April 4, 2025 at 3:37 pm
Have not seen anyone asking for the return of Biden. Have seen lots of people asking for the return of sanity. Unfortunately, that appears to be about 4 years away. Haven’t seen any coverage of the margin calls, but it seems highly probable that they are occurring. The other shoe may drop next week.
PeterH
April 5, 2025 at 12:38 am
You voted for this! It’s your fault.
Peachy
April 4, 2025 at 9:52 am
Trump will sink or swim from this. Hopefully this is short term pain for long term gain. I’m not panicking.
Skeptic
April 4, 2025 at 10:43 am
Don’t panic. MAGA thumb suckers are not what we need. I love Donalds answer to global competition. Deny entry to the Olympics to anyone other than the U.S., that way we can ensure GOLD! Maybe if Americans started competing, we could stand on our own two feet and would not need tariffs and would not see our retirement accounts vanish. But that would require a healthy, educated work force, which seems anathema to one or both of the U.S. political parties.
Michael K
April 7, 2025 at 12:15 pm
The only people making money from Trump chaos is Trump family. They raked in $20 million this weekend at Mar—a-lago – and it only costs taxpayers $3.4 million for Trump to golf while many of us watch our life savings evaporate. He could care less.
Skeptic
April 4, 2025 at 3:38 pm
I love Donalds answer to global competition. Deny entry to the Olympics to anyone other than the U.S., that way we can ensure GOLD! Maybe if Americans started competing, we could stand on our own two feet and would not need tariffs and would not see our retirement accounts vanish. But that would require a healthy, educated work force, which seems anathema to one or both of the U.S. political parties.
PeterH
April 5, 2025 at 12:35 am
The only economist to support and endorse Trump’s tariff plan is Peter Navarro. Navarro three times ran for office in one of the few conservative districts in California and was rejected by the voters. Only the Best People decide America’s way forward!
Ex-Repubu
April 5, 2025 at 8:20 am
Byron Donald’s is just another hack Republican zombie who will parrot anything Mango Mussolini tells him. And this clown wants to be governor? Pathetic!
what is up
April 5, 2025 at 5:27 pm
We all hate Donalds.
Michael K
April 7, 2025 at 9:18 am
Anyone who thinks 80+ years of building the global economy can be erased with the stroke of a Sharpie is – well, just plain reckless and stupid.
Musk / Trump is building nothing, but destroying everything.
Donalds / Trump / Musk are not conservatives – they are economic terrorists.
Comments are closed.