White House officials are quietly freaking out about Trump upcoming 'Liberation Day' tariff announcement
The mood inside the White House is verging on panic with just days to go before Donald Trump's 'Liberation Day' on April 2.
Trump is expected to unveil sweeping new tariffs on America's global trading partners, but those tasked with implementing his agenda admit they're uncertain.
Behind closed doors, top administration officials are deeply concerned, with many quietly admitting they're unsure what the president is actually going to do.
'No one knows what the f*** is going on,' one White House ally close to Trump's inner circle told Politico.
From the vice president to the Cabinet, from financial markets to foreign capitals, the Trump administration's aggressive new tariff push is triggering anxieties on a global scale with even Trump's staunchest allies are bracing for a chaotic rollout.
The president has signaled that more than $1 trillion in trade could be affected.
But with less than a week to go, even the most basic details including which countries will be hit, at what rates, and for which goods, remain undecided or constantly shifting.
White House officials have spent the past several weeks privately assuring business leaders, financial executives, and Republican lawmakers that a clearer, more stable trade agenda is coming.
One goal is to calm markets rattled by previous tariff announcements that has caused the S&P 500 to shed all gains made since November's Election Day.
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Meanwhile...in related news:
S&P 500 touches lowest since September
The S&P 500 fell on Monday, but was off of its session-lows after falling back into correction territory earlier in the trading day, as traders nervously looked ahead to President Donald Trump’s tariff plans.
The S&P 500 dropped 0.4%, while the Nasdaq Composite fell 1.2%. The Dow Jones Industrial Average added 73 points, or 0.1%.