Whoever thinks they're an economist in the WH should resign in disgrace

[struggle4progress]

The markets are plummeting as the world reacts to President Trump's tariff announcements. NBC News' Gabe Gutierrez has our latest reporting. University of Michigan Professor of Economics and Public Policy Justin Wolfers, Financial Times U.S. national editor Ed Luce and CNBC senior analyst Ron Insana join Katy Tur to break it all down.

[struggle4progress]

1. 'The worst self inflicted wound I've seen in the history of our country economically'

Steve Rattner, Leader of The White House Auto Task Force under President Barack Obama and Gene Sperling, Former Director of the National Economic Council for Presidents Obama and Clinton join Nicolle Wallace on Deadline White House with reaction to the stunning yet predictable stock market falloff on the first full day since President Trump announced his tariff policy, with the Dow Jones falling nearly 4 percent in one day

[struggle4progress]

2. 'These people don't understand what a tariff is'

Bay street veteran and economist David Rosenberg says Trump's latest tariffs will backfire on the U.S. as he predicts the loss on free trade with major partners will only drain U.S. GDP growth.