‘Worse Than the Worst-Case Scenario’: CNBC Host Hits the Panic Button as Trump Rolls out Sweeping Tariffs

EISEN President Trump at ░░░░░░░░ Rose Garden at the ░░░░░░░░ House it looks like ░░░░░░░░ is preparing to perhaps ░░░░░░░░ this executive order tied ░░░░░░░░ this very sweeping policy ░░░░░░░░ was just announced what ░░░░░░░░ called kind reciprocal tariffs ░░░░░░░░ baseline 10 percent tariff ░░░░░░░░ the board on countries ░░░░░░░░ the 60 worst offenders ░░░░░░░░ structure so China for ░░░░░░░░ including tariffs currency manipulation ░░░░░░░░ trade barriers charging a ░░░░░░░░ 34 tariff Layer that ░░░░░░░░ top of a 20 ░░░░░░░░ tariff you get to ░░░░░░░░ EU 20 Vietnam 46 ░░░░░░░░ 32 We can go ░░░░░░░░ the list here Fentanyl ░░░░░░░░ on Canada and Mexico ░░░░░░░░ in place with the ░░░░░░░░ of USMCA compliant goods ░░░░░░░░ all of this going ░░░░░░░░ effect at midnight tonight ░░░░░░░░ And the market reaction ░░░░░░░░ hours I ve never ░░░░░░░░ anything like it I ░░░░░░░░ this I think fair ░░░░░░░░ say is worse than ░░░░░░░░ worst case scenario of ░░░░░░░░ tariffs that many in ░░░░░░░░ market expected the president ░░░░░░░░ impose You laid out ░░░░░░░░ number of the percentages ░░░░░░░░ s some question of ░░░░░░░░ the administration calculated the ░░░░░░░░ that they re responding ░░░░░░░░ in each of these ░░░░░░░░ Are they adding in ░░░░░░░░ added taxes You talked ░░░░░░░░ you know non tariff ░░░░░░░░ as well So I ░░░░░░░░ while many were hoping ░░░░░░░░ this would eliminate uncertainty ░░░░░░░░ s going to be ░░░░░░░░ uncertainty in the market ░░░░░░░░ from those watching policy ░░░░░░░░ on well you know ░░░░░░░░ countries push back on ░░░░░░░░ these non tariff barriers ░░░░░░░░ calculated will there be ░░░░░░░░ room here Exactly when ░░░░░░░░ these go into effect ░░░░░░░░ quickly are companies going ░░░░░░░░ have to adjust their ░░░░░░░░ So many questions EISEN ░░░░░░░░ heavy trading here in ░░░░░░░░ after hours.”