Venture capitalist Chamath Palihapitiya said on Thursday that he was in panic as “Global Elites” no longer controlled “government behavior.”

President Donald Trump released a list of countries that will be hit by mutual tariffs on April 2. Political commentators, lawmakers and experts have clashed whether the plan would benefit America. By Wednesday, Trump announced a 90-day suspension of tax expenditures in all countries except China, with stock markets rising in response.

During “Ingraham’s Angle,” host Laura Ingraham asked if he would force Trump to “fix” her, believing she believed that “establishment” had “destroyed” the American economy.

“I think this means that we have benefited deeply from the benefits of taking on 20 years of work and being able to benefit anywhere in the world. “It benefited from a low-volatility economic regime, where we can effectively keep interest rates at zero for Quasi.”

“The reality is that what they see is that the White House cannot be created and scared of economic policy,” Parihapitiya added. “I think this is a very troublesome thing for them because they have control over how the government acts from Wall Street or London or from these other places. So what you’re looking at now is that they’re trying to create a story in an effort to push back violently.”

Democrats have publicly held it since Trump’s tariff announcement It was criticized Some say the president’s decision needs to be needed by the party “to reach the bottom of a possible stock manipulation.” (Related: Democrat Senator asked to spit out evidence that Trump committed “insider trading” – he admits he has no receipt yet)

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Palihapitiya went on to say that the stock market may be volatile but has not crashed, adding that the US should “track” with a “global order” pushback.

“For example, there’s the whole wing of the media saying that when you open a paper, the president says he’s blinking if he’s not cited,” Parihapitiya said. “Why do they want us to think about it? I think they want us to believe that they can talk about the stock market.

“But I just want everyone to realize that the stock market was back on May 26, 2024. This is never a crash. There is absolutely volatility,” Palihapitiya said. “But it’s not the place where it’s time for us to suddenly revisit these aspirations. We are in a unique moment where we have the capacity to reset the global order and we have to follow.”

With around 60 countries tariffs at a baseline of 10% have been imposed on the US, Trump announced that it would target certain countries like China based on their own tariffs on China.

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