Adin Ross seems to believe tariffs are a good thing now.
Days after claiming he suffered an “eight figure" loss due to President Donald Trump’s previously announced tariffs targeting all U.S. trading partners on April 2.
"The tariff shit is a really good thing. All these other countries got tariffs on us. Be patient. Let [Trump] fix the country. The country's sick. Let him take his medicine, and the country's gonna get fixed,” said the 24-year-old during a Kick stream.
“You guys see the stock market? Boom, green just like that," he continued. “You understand why he's a good president? Cause no presidents ever dropped nuts like that. Like, bro, that's why we're respected, bro. Motherfuckers can't bitch us around and punk us. I'm being real. Stop. We all voted for him. Believe in our president, bro.”
“You don't gotta like me, you don't even gotta like Trump, but he's your president. So respect him, bro. He's in office, alright?" he added.
Trump’s tariffs initially included a 34% tax on Chinese imports, 20% on EU goods, and a 10% baseline on all imports, according to the Associated Press.
Trump cited an “economic emergency” and invoked the 1977 International Emergency Powers Act to bypass Congress, while claiming that the measures would bring in hundreds of billions of dollars, revive U.S. manufacturing, and correct long-standing trade imbalances.
However, the April 2 announcement triggered a market crash—the S&P 500 dropped 4.8%, the Dow Jones Industrial Average fell 1,679 points (4%) and the Nasdaq tumbled 6%—making it the worst day for U.S. markets since the 2020 pandemic crash and raised fears of inflation and a possible depression.
However, Ross’ claime that the stock market went “green just like that” needs more context.
On Wednesday (April 9), Trump paused tariff hikes for 90 days, except for China, which now faces a 145% rate due to its retaliatory tariffs as of Thursday morning, per the AP. The 90-day pause sparked a stock market rebound.
According to Axios, Trump paused tariff hikes as a response to mounting pressure from CEOs, GOP allies, financial markets, and the bond market.
Dave Portnoy, who claimed to have lost $7 million in stocks and crypto after Trump announced the tariffs before allegedly rising back up $8.2 million following the pause, also seems more optimistic.
“I certainly wish [Trump] would give maybe a victory here or there right now,” the Barstool Sports founder told CNN in a new interview. “He has the power really to turn the stock market and get it ripping. And when there's been a fake rumor or a misquote, like, he's gonna postpone the tariffs or whatever, if he would come out and say, 'Hey, we did this great agreement with Japan or Vietnam,' the stock market would rip. I firmly believe that.”
He continued, “Instead, what you say, everyone's kissing his ass last night, but that's Trump. That is how he speaks and it does resonate in a way to people like—I'd almost rather feel like I'm getting straight talking and I can't change. That's always who he's been.”
“Do I wish maybe he was treating our friends a little nicer, our allies, and things like that? Yeah. Because I'm in the stock market, but at the same time, this is who I voted for and, and time is gonna bear it out,” he added. “He's playing an extremely high-risk game of poker. And if it turns out great, it'll be a great move and one of the great things that he's done. If not, I think the voters will speak at midterms.”