Donald Trump's favorite channel, Fox, sees its reporter Charlie Gasparino criticize the President, says the U.S. is headed for deep trouble under him

It is not often that a person on Fox News, which is commonly considered to be friendly to Donald Trump, now says that the president's economic policy is "insane," as per a report.

Charlie Gasparino Slams Donald Trump's Tariff Strategy on Live TV

Fox Business senior correspondent Charlie Gasparino reaffirmed his objection to Trump's tariff plan, sounding an alarm that the US could be heading into serious financial turmoil, according to DailyBeast.

Appearing on Fox News' 'America's Newsroom' show on Tuesday morning, Gasparino told anchors Dana Perino and Bill Hemmer that Trump's high tariff policy was unrealistic and possibly hazardous to the US economy, as per the report.


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The comments were made a day after he posted a series of posts on social media platform X, accusing Trump of "blinking" in his talks with China, which had recently ended with a 90-day delay on the high tariffs the president had imposed as part of his 'Liberation Day' policy, according to DailyBeast.

Gasparino said, "You can’t do what they try to do with the U.S. economy on trade,” pointing out that, “If you do that, you will get a bond market," quoted DailyBeast.

He cautioned that the bond market "is what rebelled and caused this," emphasizing that, "You can’t sell your debt. Well, guess what? Your budget deficit gaps out," as quoted in the report.

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Bond Market Sends Warning Signs After Tariff Hike

The correspondent explained that, “If the bond market shuts down, your paycheck doesn’t come to you because your business needs the short-term bond market to basically float bonds to get your money. This is the plumbing of the financial system,” quoted DailyBeast.

Gasparino also mentioned how the bond market reacted to Trump's 'Liberation Day' announcement, “Yields were starting to spike through the roof. The 10-year yield, remember, that’s the most important one. The reason why? Every consumer rate is pegged off that. If that starts gapping out to 4.5—we’re at 4.4 now, you got to check the chart—but the 5 where it was heading that night? Oh, we’re in deep trouble," as quoted in the report.

FAQs

Why is the bond market so important?
It’s how businesses and governments raise money. If it gets shaky, everything from your paycheck to national budgets can be affected.

Is this a one-time criticism from Gasparino?
No, he’s been vocal on social media, calling out Trump’s trade policy multiple times.