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The prospect of sweeping new taxes on the goods, capital, and resources Americans buy from producers in several other countries has caused some panic throughout the economy in recent weeks—seen most clearly in the declining stock market.
Those concerns were not helped by the president's comments over the weekend that he "couldn't care less" if car prices go up due to tariffs because then people will be forced to buy more expensive American cars.
Trump, his team, and his allies are dismissing all the panic as the result of the "fake news media" reaching for new lies to try and tarnish his public support and cover up all the success his administration is having in this second term. And after the last ten years of biased, misleading, and outright false coverage deployed by the establishment media to unsuccessfully go after Trump, that's a believable angle.
Establishment politicians, official "experts," and media figures have cried wolf so many times that it's remarkable that anyone still trusts them.