Trump: you will get nothing and like it

One strategy that Trump has sometimes used to defend the tariffs is that the costs will be borne by other people and there will be no cost to American consumers, which is a ridiculous lie but at least consistent with his campaign messaging.
Now, he’s telling the truth. That is, he is bringing back not the economy of 2018 but the economy of June 2020, with no exogenous shocks:
A billlionaire telling working class voters their kids should cut back on toys to endure his economic policies
[image or embed]— Laura Bassett (@lebassett.bsky.social) April 30, 2025 at 10:44 AM
The idea that Trump would lower prices was probably the single most decisive issue in the 2024 election. True story! Also a true story is that Trump considers literally every economic transaction like people buying degrees from Trump University, and a lot of people are going to suffer based on his sheer stupidity.