By Katherine Tinsley
2:10pm PDT, Jul 29, 2025
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Bill Maher is walking back his criticism of
Donald Trump's economic policies after predicting that the president's controversial tariffs would "tank" the economy.
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When Donald Trump first announced his tariff plan, the stock market began to decline, but it has since reached record highs. "I would have thought — and I gotta own it — that these tariffs were going to f****** sink this economy by this time — and they didn't," Bill Maher said on his "Club Random" podcast.
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"The stock market is at record highs," Bill Maher noted. "I don't see a country in a depression at all. I see people out there just living their lives."
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Donald Trump announced his controversial tariff plan on "Liberation Day" in April. The president has claimed that America was being exploited by other countries. "My fellow Americans, this is Liberation Day. April 2, 2025, will forever be remembered as the day American industry was reborn, the day America's destiny was reclaimed, and the day that we began to Make America Wealthy Again," Trump said at the time.
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In a
fact sheet, Donald Trump called out how the manufacturing industry has greatly declined in the U.S. "Large and persistent annual U.S. goods trade deficits have led to the hollowing out of our manufacturing base; resulted in a lack of incentive to increase advanced domestic manufacturing capacity; undermined critical supply chains; and rendered our defense-industrial base dependent on foreign adversaries," the president claimed.
