'Trump's Tariffs Will Drain Retirement Savings, Push Us To The Brink Of Recession,' Says Nancy Pelosi While Quoting Ronald Reagan

Former House Speaker Nancy Pelosi criticized President Trump's trade policy last week, according to her post on X. Pelosi called Trump's tariffs a “self-inflicted disaster” that could drive up prices, erode retirement savings, and trigger a recession. She quoted Ronald Reagan to bolster her argument, warning against “demagogues” starting trade wars that undermine economic and national security. She urged Republicans in Congress to rethink their support for Trump's trade agenda. Pelosi also blasted what she called an “extreme MAGA Republican tax scam” to slash Medicaid in favor of tax cuts for billionaires.