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Spare a thought for the poor billionaires who backed Trump — and hate tariffs | Marina Hyde

As the great American self-own rages on, the super-rich are beginning to break rank. Meanwhile, Elon Musk’s gone suspiciously quietTrade Wars, Episode V: The Empire Shoots Itself in the Foot. As the world financial markets fail to appreciate his genius, tariff-excreting president Donald Trump has explained it all away by stating that “sometimes you have to take medicine”. Why am I reminded of the bit in Covid where he appeared to suggest that disinfectant could helpfully be injected into the lungs? I guess that was just science, same as this tariffs plan is just economics.Even so, can it really still be less than a week since a Wall Street Journal poll found 77% of US Republicans thought tariffs would have a positive impact? Ah well. Famously, the American people have a great tolerance for pain. If only one of their kindly gazillionare firms could come up with some sort of financial opioid epidemic to take the edge off the coming agonies.Marina Hyde is a Guardian columnist Continue ...


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