Following Donald Trump’s ‘Liberation Day’ speech, old footage of his former election opponent has gained attention online, revealing that she had foreseen the current situation.
Since Trump’s announcement of implementing additional tariffs globally, there has been significant turmoil. The stock market lost $2 trillion within moments during his speech, and the chaos has only escalated from there.
China has emerged as one of the major adversaries, retaliating against the US with further tariffs. This is likely because China was among the many countries affected by the new rates Trump announced on April 2.
While Trump aims to strengthen the US economy, his trade partners are not pleased with his approach.
From the Rose Garden at the White House, Trump declared: “This is Liberation Day. We’ve been waiting for a long time, April 2, 2025, will forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed, and the day that we began to ‘Make America Wealthy Again’.
“For decades our country has been looted, pillaged, raped and plundered from nations, near and far, from both friend and foe alike.”
During his speech, global stocks began to decline as investors sought safer investments like gold, leaving some of the wealthiest companies at a loss.
This situation spells trouble not just for businesses but also for other countries, which now face higher costs for importing and exporting goods, pushing consumers to reconsider their spending choices.
In an unexpected development, it seems Kamala Harris, the Democrat who ran against Trump in the 2024 election, anticipated this outcome and discussed it during their televised election debates.
A clip shared by CNN on Reddit left viewers stunned by how accurately Harris predicted the consequences of Trump’s plans.
In the video, Harris can be heard saying: “What Goldman Sachs has said is that Donald Trump’s plan would make the economy worse, mine would strengthen the economy. What the Wharton School has said is Donald Trump’s plan would actually explode the deficit.”
She continued during her debate with Trump: “16 Nobel laureates have described his economic plan as something that would increase inflation, and by the middle of next year, would invite a recession. You just have to look at where we are and where we stand on the issues, and I’d invite you to know that Donald Trump actually has no plan for you, because he is more interested in defending himself than he is in looking out for you.”
Her warnings resonated with many following Trump’s ‘Liberation Day’ speech about tariffs and his focus on imposing taxes on other nations.
One individual commented: “She warned us all so many times. It’s a shame 27% of the population refused to listen.”
Another person noted: “Yea, but the recession came in just 4 months, not 6. Checkmate libs.”
A different user remarked: “Trump said if I voted for Kamala the economy would be destroyed and the stock market would crash.
“Here we are less than 3 months into his presidency and he’s been proven right. Lol.”
Paul Donovan, chief economist at UBS Global Wealth Management, discussed with CNN the potential consequences of Trump’s tariffs, suggesting that they could lead to a recession.
Donovan pointed out that the US economy was ‘in a very good place’ at the year’s start, but ongoing tariffs might ‘probably tip into recession’ with widespread effects.
The recession would consequently raise inflation, as JPMorgan analysts indicated: “This year’s cumulative tariff hike should be viewed as a US tax increase of roughly $660 billion. The impact on inflation will be substantial.”