Is MAGA Going Marxist?
Picture this: Trump, the new face of socialism. Yeah, you heard me. While Zohran Mamdani’s socialist dreams for NYC make headlines, Trump’s own moves are shaking Wall Street suits.
Fast Facts: Trump’s tariffs slapped a $300 billion dent on Chinese imports. The Dow (DJI) winced, dropping by 2% in a day. American farmers? They got a $28 billion bailout. Funny how that’s not called socialism.
Who’s cashing in? Big Oil and steel, thanks to trade barriers. But tech giants like Apple (AAPL) and Tesla (TSLA)? They’re sweating bullets. Supply chains are tangled like a politician’s promise.
Now, who’s losing? Us. The average Joe. The guys who fork out extra bucks for a TV made in China or pay more for groceries because of retaliatory tariffs. Winning so much, we’re losing.
And the spin? The White House says it’s all about America First, but it smells like protectionism with a side of economic isolationism. A bit rich coming from the self-proclaimed champion of capitalism.
So, what’s the takeaway? Keep your eye on your 401(k) and maybe brush up on your Mandarin. The trade war isn’t just a headline. It’s your money on the line.
Original source: Fortune | FORTUNE