Get the latest gossip

Rupert Murdoch’s Media Empire Is Freaking Out Over Donald Trump’s Tariffs

The Wall Street Journal and the New York Post have registered notes of panic about this week’s financial calamity, while Fox News hosts Laura Ingraham and Jesse Watters have mocked the naysayers as Chicken Littles.

On Monday, the Wall Street Journal editorial board continued to sound the alarm on Trump’s self-inflicted trade war, publishing an editorial titled, “How Tariff Damage Spreads, Auto Edition.” The piece expressed deep concern about the current market volatility resulting from the administration’s economic policy, adding that “one certainty is that his tariffs will inflict sweeping and hard to predict costs on businesses and consumers,” using the auto industry as a case study. Allianz chief economic adviser Mohamed El-Erian also made an appearance on MacCallum’s show, criticizing the administration’s strategy as a “very bumpy journey and one that increases the risk of downside to the economy.” However, during the primetime hours, network hosts, administration officials, and other guests stood firm on beating the Trump drum, defending the president for his tariff plan and arguing that concern over the financial market nosedive is being oversold.

Get the Android app