Anthony Scaramucci Compares Market Drop To Pandemic Panic. 'Trump Is The Virus, And The Only Cure Is The 25th Amendment'

Anthony Scaramucci, the former White House communications director turned fierce Trump critic, says President Donald Trump’s chaotic trade policies are wreaking havoc on the markets, and the damage isn’t just economic.

‘Trump Is the Virus,’ Says Former Aide

“This is COVID-like selling, but now Trump is the virus and there is no cure. Except the 25th Amendment,” Scaramucci posted on X on Monday.

The post came as stocks reeled from Trump’s aggressive new tariffs, which were announced as part of his so-called “Liberation Day” plan. But after markets plunged, Trump shocked investors again by partially reversing course—pausing most new tariffs for 90 days, except those on China.

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Scaramucci’s reaction? He's not impressed. “The arsonist set the house on fire and is now cheering himself for bringing out the fire hose,” he wrote in another post just 10 hours after the tariff pause announcement.

Trump Walks Back—Sort Of

Trump on Wednesday said that the U.S. would temporarily revert most new reciprocal tariffs back to a 10% rate—excluding China, which will now face a 145% tariff. Posting on Truth Social, he claimed the change was due to China showing a “lack of respect” to world markets.

“At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other countries, is no longer sustainable or acceptable,” Trump wrote.

Despite the tough talk, Wall Street rallied on the news. The Dow jumped nearly 3,000 points, its best day in five years. The Nasdaq shot up 12.2%, while the S&P 500 posted its strongest gain since 2008.

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Scaramucci, however, sees the market turbulence as self-inflicted. “There is stupid and then there is Donald Trump Stupid: DTS. A new global low,” he wrote on April 4, after China announced retaliatory tariffs.

Scaramucci compared the situation to Brexit, calling Trump's trade war an “American Brexit” that could isolate the U.S. from key allies and trading partners. “You hurt yourselves and lowered your living standards,” he said of Brexit. “This is exactly what the United States is doing right now.”

A Self-Inflicted Crisis

In a separate appearance on the U.K’s Times Radio on Monday, Scaramucci warned that Trump’s erratic tariff policy could tip the U.S. into a recession. “He's annihilating [American workers],” he said, noting that public service workers' pensions are tied to the stock market.

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He argued Trump is more focused on attention than outcomes. “He just wants you talking about him,” Scaramucci said. “If he wanted to solve a problem, you certainly would not handle it this way with this level of hostility.”

When asked what world leaders should do, Scaramucci was harsh: “Hang up the phone. Stop calling him and let this thing write itself out. He’s going to be forced to capitulate.”

Meanwhile, economists remain uneasy. RSM US chief economist Joe Brusuelas told CNN the pause might delay, but not prevent, a recession. Goldman Sachs GS scaled back its recession forecast to 45%, down from a base-case prediction—though uncertainty remains high.

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