A CNBC panel sounded the alarm Wednesday after President Donald Trump declared “Liberation Day” and slapped sweeping reciprocal tariffs on dozens of countries, sending global markets into turmoil.
“This is probably worse than the worst case scenario that was modeled,” CNBC analyst Bonawyn Eison said on Fast Money, referring to the sheer size of Trump’s tariffs—and their effect on the stock market.
Fellow panelist Steve Liesman, CNBC’s senior economics reporter, suggested Trump was operating in his own economic reality: “This just seems like the president having his own sort of school of economics that’s different from everybody else.”
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