In response to Donald Trump’s chaotic rollout of new blanket tariffs, DNC Chair Ken Martin released the following statement:

“Donald Trump is actively driving the economy off the rails — and he doesn’t care how much ‘pain’ he’s causing in the process. Instead of trying to reel back the tailspin he’s plunging the U.S. economy into with his chaotic and reckless agenda, Trump continues to set working families’ hard-earned dollars on fire. Let’s be clear: with the economy on recession watch, Trump is offering nothing but broken promises and confusion.”

NEW: Donald Trump’s chaotic and reckless agenda is costing our economy billions — and Americans are worried about his dangerous agenda to jack up costs.

CNBC: “Policy uncertainty and new sweeping tariffs from the Trump administration are combining to create a stagflationary outlook for the U.S. economy in the latest CNBC Rapid Update.

“The Rapid Update, averaging forecasts from 14 economists for GDP and inflation, sees first quarter growth registering an anemic 0.3% compared with the 2.3% reported in the fourth quarter of 2024. It would be the weakest growth since 2022 as the economy emerged from the pandemic.”

CNN: “The US economy faces a growing risk of a recession as surging tariffs threaten to stunt growth, reignite inflation and lift unemployment, according to Goldman Sachs.”

NBC News: “Consumers call for a lifeline as Trump’s tariff ‘Liberation Day’ nears”

“Consumers’ economic pessimism is worsening as inflation stays hot and a series of new reports flash alarms days before the White House expands its trade war. …

“Economic sentiment slid 12% this month in the University of Michigan’s latest survey, also released Friday, and expectations for the future plunged 18%. The researchers described ‘a clear consensus’ in which ‘Republicans joined independents and Democrats in expressing worsening expectations since February for their personal finances, business conditions, unemployment, and inflation.’”

CBS News/YouGov Poll: 76% of Americans say their income is not keeping up with inflation.

Economists are already warning of a “serious Trump recession,” while a majority of Americans reject Trump’s handling of the economy and fear even higher prices. 

The Telegraph: “Economists are starting to worry about a serious Trump recession”

Newsweek: “Trump’s Approval Rating on the Economy Hits New Low, Polls Show”

Gallup: 59% of Americans disapprove of Trump’s handling of the economy.

Fox News: 58% of Americans disapprove of Trump’s handling of inflation, including 20% of Republicans and 69% of independents. 

Fox News: “[Tariffs] are viewed mostly through a negative lens, with voters thinking they are more likely to harm the U.S. economy (53% harm vs. 28% help) and make products more expensive (69% more vs. 7% less).”