CNN Economic Analyst Issues Tariffs Warning: 'We Are At The Very Early Days Of This'

Rana Foroohar said Tuesday that President Donald Trump has destroyed foreign trust in the U.S., which she argued is essential to building "a new system."

CNN global economic analyst Rana Foroohar is bracing viewers for the impact of President Donald Trump’s aggressive tariffs and warned during a panel discussion Tuesday that the U.S. is only “at the very early days” of this policy — with the worst ramifications yet to come.

“What I hear from investors across the board, is folks going to short-term assets, folks going to safety havens,” Foroohar said on “NewsNight with Abby Phillip.” “There’s also, I think, pain in the markets that we haven’t seen yet. Let me point out something is under-covered.”

“People were selling off gold, and they were selling off treasuries — they don’t generally sell things like that in a panic,” she explained. “That means that they’re trying to cover losses and stem blood flow from other problems that we don’t see yet in the market.”

Trump dubbed April 2 “Liberation Day” and announced a sweeping 10% baseline tariff on all imports to the U.S. He claims the approach is forcing foreign nations to negotiate new trade agreements, while economists warn of sky-high price hikes for American consumers.

“We are at the very early days of this,” Foroohar warned Tuesday. “And so, to take it lightly, to say, ‘Oh everybody’s gonna come in line and things are gonna be fine?’ Very, very naive. Not to mention what China’s gonna do, which we can get to.”