Key Takeaways:
- UPS lays off 20,000 workers, closes 73 sites due to reduced Amazon orders caused by tariffs.
- Trump’s tariffs lead to economic downturn, with him blaming Biden despite strong prior economic performance.
- China cancels U.S. orders, putting farmers in crisis.
- Trump defies Supreme Court on Garcia case, instructs media to shift blame.
UPS and Amazon Hit Hard
UPS is cutting 20,000 jobs and closing 73 buildings due to lower shipping volumes from Amazon, triggered by Trump’s tariffs. Amazon once considered revealing the added costs of these tariffs to consumers, but Trump’s intervention stopped them. Jeff Bezos assured Trump that Amazon would not disclose these costs, avoiding a potential clash.
Economic Numbers Show Crisis
The economy under Trump is struggling. The GDP fell by 0.3% in the first quarter, contrasting sharply with Biden’s 2.4% growth in his last quarter. Wall Street highlights the worst stock market start in decades, yet Trump insists it’s Biden’s fault. However, data from the Commerce Department indicate otherwise, showing Biden’s strong economic legacy.
Blaming Biden
Trump claims to be fixing Biden’s economic mess, but reality differs. Under Biden, the economy added 16 million jobs, unemployment hit a 54-year low, and wages rose. Biden’s leadership steered the U.S. to a robust recovery, earning global envy.
Teaching Media to Lie
Trump instructs right-wing media to attribute future economic downturns to Biden. In a recent interview, Trump falsely claimed a photoshopped image was real, attacking the media’s credibility when challenged.
Farmers in Crisis
China halted imports of U.S. goods, pushing American farmers into crisis. Trump remains optimistic, claiming he can convince the public of the tariffs’ benefits, despite growing skepticism.
Conclusion
Trump’s policies are worsening the economy, with layoffs and trade issues mounting. His strategy of deception and blame-shifting, aided by media allies, may deepen the crisis. The economy’s health under Trump’s leadership remains a pressing concern.