Influencer Adin Ross reveals 'terrible' impact of Trump's tariffs on his wealth. On April 2, Donald Trump labeled it 'Liberation Day' for America, announcing additional tariffs worldwide aiming to see 'American industry reborn'. Trump's tariff strategy? One social media user suggested the 47th US President made a risky 'chess move' by 'intentionally crashing the market'. Financial experts have cautioned that these new foreign goods taxes could severely impact Americans' savings. One person feeling the effects - quite severely - is internet personality and streamer Adin Ross.
Influencer who bought Trump a Rolex admits he's lost at ... (Source: www.unilad.com)
Ross previously hosted Trump on streaming platform Kick.com's 'Just Chatting' section last year, presenting him with various gifts including a gold Rolex. He might have saved that money, as Trump's tariffs have now damaged his finances significantly.
In a video called "DJ Akademiks Comes on Adin Ross' Stream!", the influencer discussed the 'stock market issues,' noting how 'very bad' the situation is and asking if America faces a possible 'recession'. DJ Akademiks responded that Trump is playing 'a game of dangerous chicken' and hopes Trump will 'stop' the tariffs soon to negotiate, but acknowledged people are currently suffering - including Adin.
Influencer who bought Trump a Rolex admits he's lost at ... (Source: www.unilad.com)
Despite giving Trump a Rolex, Adin hasn't escaped the tariff consequences, stating: "We all are. Bro. Holy f*** it's so bad." He then revealed losing 'eight figures' - at least $10,000,000 - since the tariffs began. He admitted: "It's bad I'm not gonna lie to you bro. It will get better though."
Public reactions came quickly. One Reddit user commented: "'Influencer' who 'bought Trump' a 'Rolex'.....is probably the shortest and most clear sentence possible to express the f***ing sad foolish stupidity of the timeline we're in." Another simply stated: "I love karma like this, who doesn't?" Remember, the brain's frontal lobe typically completes development by age 25.
People disgusted after seeing how Trump is spending his day following worst stock market crash since 2020
Individuals are displeased after discovering how Donald Trump has occupied his time following his contentious 'Liberation Day' address. Certainly, chief executives deserve leisure moments, similar to ordinary citizens. However, internet users expressed significant displeasure upon learning that after witnessing the market forfeit $2 trillion instantly, the president was absent from the Executive Mansion. The situation began when Trump declared his intention to strengthen his nation's financial system by establishing trade tariffs with global associates. As numerous nations worldwide face 10 percent, 25 percent, or higher import fees, tensions have escalated in the subsequent period.
People disgusted after seeing how Trump is spending his day ... (Source: www.unilad.com)
China [responded against the US with supplementary tariffs, as it was among many countries affected by substantial new rates when Trump revealed his intentions to promptly implement these taxes on April 2. Speaking from the White House's Rose Garden, the President stated: "This is Liberation Day. We have waited extensively for April 2, 2025, which will be eternally recalled as the day American industry was reborn, the day America's destiny was reclaimed, and the day we began to 'Make America Wealthy Again'."
American citizens observed global shares drop sharply and the US dollar decrease significantly, reaching a six-month low due to the extensive tariffs against trade partners. The S&P 500 shed $2 trillion in market value as Trump announced broad reciprocal tariffs affecting up to 60 countries.
With recession concerns mounting, many individuals felt outraged after learning Trump had embarked on a golf excursion. The Washington Post noted: "A day after attempting to transform the global economic structure, President Donald Trump on Thursday is returning to another goal: transforming professional golf."
Trump reportedly arranged to eat with LIV Golf tour executives near Miami. One Reddit user expressed anger, claiming Trump utilized his own hotel to generate profits.
Trump says things are 'going very well' after stock market ... (Source: apnews.com)
Another added: "Obviously he did, he respects nobody. Not even himself since people will record him golfing and he cannot even perform that properly."
While citizens deal with the aftermath of the market collapse, an older video of Kamala Harris seemingly foretells the entire situation during her campaign against Trump. In the CNN segment, Harris declared: "Goldman Sachs has indicated that Donald Trump's strategy would damage the economy, while mine would strengthen it.
What the Wharton School has indicated is Donald Trump's strategy would actually inflate the deficit." She further stated: "16 Nobel laureates have characterized his economic approach as something that would boost inflation, and by mid-next year, would trigger a recession. You simply need to examine our current position and our stance on the issues, and I encourage you to recognize that Donald Trump genuinely lacks a plan for you, because he prioritizes defending himself over protecting your interests."
People react in horror after watching Trump's tariffs wipe $2,000,000,000,000 from the stock market in 25 seconds
Individuals stare in astonishment as President Trump's tax hikes cause markets to lose $2 trillion in just 25 seconds. The fresh tariffs received negative reactions from global nations and American citizens alike. The new rates imposed on international goods have stunned many global authorities, and the European Union has indicated plans for counter-measures against them.
People react after watching Trump's tariffs wipe ... (Source: www.unilad.com)
During his announcement at the White House Rose Garden on April 2, Trump labeled it as 'Liberation Day.' He revealed that these taxes would affect not only trading allies but countries worldwide, aiming to reduce American reliance on foreign products.
China, Mexico, Canada, and the European Union stand at the forefront of this commercial dispute after Trump increased taxes by 25 percent on numerous imports. The President signed an order with what many call 'catastrophic' tariffs, and financial markets now show the consequences.
People react after watching Trump's tariffs wipe ... (Source: www.unilad.com)
Americans watched global stocks drop dramatically while the US dollar fell to a six-month low following these extensive trade taxes. The S&P 500 shed $2 trillion in value as Trump revealed widespread reciprocal tariffs targeting up to 60 nations.
In approximately 25 seconds, European markets opened lower following sharp declines across Asia and US futures. These futures started dropping during Trump's address and vanished just 20 minutes later.
The FTSE 100 in London decreased by 1.3 percent, Germany's Dax fell 1.6 percent, and France's CAC40 dropped 1.8 percent. Japan's Nikkei and Topix fell 3.3 percent and 3.5 percent respectively after receiving a 24 percent tariff. Hong Kong's Hang Seng reduced by 1.9 percent, while Vietnam's market plummeted 6.7 percent facing 50 percent tariffs.
US indicators showed Dow futures losing 2.1 percent and S&P 500 futures dropping 3 percent during this period. Nasdaq futures decreased 3.5 percent, with Apple falling 7 percent, Nike 7.3 percent, and Nvidia 5.6 percent. Tesla shares dropped 8 percent in the aftermath.
Online reactions showed public distress about this decline, with one social media user writing: "Not to alarm everyone too much but the U.S.
People react after watching Trump's tariffs wipe ... (Source: www.unilad.com)
stock market HAS LOST OVER 2 TRILLION in THE LAST TWENTY MINUTES." Another person commented: "The stock market is crashing because Trump is an unintelligent waste who faced bankruptcy 6 times and aims to make America #7." One Reddit user remarked: "Well well who could've predicted this?? Literally everyone."
Alarmingly, the dollar fell 1.1 percent against other currencies, creating a disappointing situation for the US and potential dollar investors.
Adam Hetts, portfolio manager at Janus Henderson Investors, suggests the situation will likely remain difficult. He told The Guardian: "Eye-watering tariffs on a country-by-country basis scream 'negotiation tactic', which will keep markets on edge for the foreseeable future. Fortunately, this means there's substantial room for lower tariffs from here, albeit with a 10% baseline in place."
"We've seen the administration have a surprisingly high tolerance for market pain, now the big question is how much tolerance it has for true economic pain as negotiations unfold," he added.
This dramatic event has pushed investors toward safer investment options, particularly gold, which reached a record high of $3,167.50 overnight.
New footage shows Trump explaining how his billionaire friends seemingly made billions from his tariff war
President Trump praises wealthy associates for making money from trade war shortly after encouraging Americans to invest in the stock market. Video has emerged showing the 78-year-old GOP candidate bragging that two of his already wealthy friends had gained over $3 billion collectively as stocks temporarily recovered. Early yesterday (April 9), the President posted on Truth Social: "THIS IS A GREAT TIME TO BUY!!! DJT."
Someone apparently took his advice - not the investment company but the actual person named Charles Schwab, as Trump pointed out. Speaking from the Oval Office, he quipped: "This is Charles Schwab...it's not just a company, it's actually an individual!" He then described how Schwab earned $2.5 billion in the stock market, while another friend made $900 million. This stands in stark contrast to the financial situation of typical Americans, many of whom are preparing for a possible economic downturn.
The President's investment tip came less than four hours before he announced a 90-day suspension of tariffs previously imposed on numerous nations. "Based on the lack of respect that China has shown to the World's Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately," he stated on his social media account. "At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable.
"Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed."
President Donald Trump holds up a chart while speaking during a 'Make America Wealthy Again' trade announcement event on April 2 (Chip Somodevilla/Getty Images)
The president continued: "Relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States.
"I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!"
Senator Chris Murphy has suggested Trump's advice could infringe on insider trading standards (Jemal Countess/Getty Images for Fair Share America)
Critics have attacked Trump for telling followers to purchase stocks before suspending the tariffs, with some suggesting this might constitute insider trading. US Senator for Connecticut, Chris Murphy, stated: "An insider trading scandal is brewing.
"Trump's 9:30am tweet makes it clear he was eager for his people to make money off the private info only he knew.
Others have expressed concerns about the timing and ethics of Trump's statements. Financial analysts question whether the President's public investment recommendation followed by policy changes that affected markets creates an unfair advantage for those with close connections to him.
The stock market did indeed show significant movement following the tariff suspension announcement, with major indexes climbing as investors responded positively to the temporary trade war pause. This rapid market response further fueled speculation about whether those with advance knowledge had positioned themselves to profit.
White House officials have defended the President's actions, arguing that his recommendation to buy stocks was simply based on his general optimism about the economy and not tied to specific policy announcements. They maintain that the tariff decisions were made through proper channels and followed appropriate protocols.
Trump slaps reciprocal tariffs on every nation and sends ... (Source: www.yahoo.com)
Critics remain skeptical, pointing out the unusual sequence of events. Some legal experts suggest regulatory agencies might need to examine whether securities laws were violated, particularly regarding selective disclosure of market-moving information.
The controversy adds to ongoing debates about potential conflicts of interest in the administration, with opponents arguing that the President's business background and wealthy associates create situations where personal financial interests might influence policy decisions.
Trump supporters counter that the President's business experience gives him unique insight into economic matters, and that his wealth means he isn't motivated by financial gain while in office. They view his stock market tip as simply sharing his economic confidence with the American public.
As markets continue to react to the tariff policy changes, the discussion about the propriety of the President's comments and their timing is likely to continue, with potential implications for regulatory oversight and public trust in financial markets.
