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The losers and winners of Trump’s ‘Liberation Day’ tariff plan

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President Donald Trump unveiled his latest tariff plan last week on «Liberation Day,» which the administration said will restore the American Dream and spark an economic boon for U.S. workers. 

«American steel workers, auto workers, farmers and skilled craftsmen,» Trump said from the White House Rose Garden last Wednesday afternoon in his announcement. «We have a lot of them here with us today. They really suffered, gravely. They watched in anguish as foreign leaders have stolen our jobs, foreign cheaters have ransacked our factories, and foreign scavengers have torn apart our once-beautiful American dream. We had an American dream that you don’t hear so much about. You did four years ago, and you are now. But you don’t too often.» 

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«Now it’s our turn to prosper, and in so doing, use trillions and trillions of dollars to reduce our taxes and pay down our national debt,» he continued. «And it will all happen very quickly. With today’s action, we are finally going to be able to make America great again, greater than ever before. Jobs and factories will come roaring back into our country, and you see it happening already. We will supercharge our domestic industrial base.»

The Trump administration’s tariff plan leveled a baseline tariff of 10% on all imports to the U.S., while customized tariffs were set for countries that have higher tariffs in place on American goods. The baseline tariffs of 10% took effect on Saturday, while the other tariffs will take effect on April 9. 

HOW WE GOT TO LIBERATION DAY: A LOOK AT TRUMP’S PAST COMMENTS ON TARIFFS

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President Donald Trump holds a chart as he delivers remarks on reciprocal tariffs during an event in the Rose Garden at the White House on April 2, 2025. (Brendan Smialowski/AFP via Getty Images)

Trump pointed to the European Union during his announcement, and explained the U.S. will charge the EU a 20% tariff, compared to its 39% tariffs on the U.S. Japan will see 24% tariffs, compared to the 46% the country charges the U.S., while China will be hit with a 34% tariff, compared to the 67% it charges the U.S.

The customized tariffs, Trump explained, would not be full reciprocal tariffs, as his administration was «very kind» and leveled tariffs that are roughly half of what a particular nation was charging the U.S. on tariffs. 

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«For nations that treat us badly, we will calculate the combined rate of all their tariffs, nonmonetary barriers and other forms of cheating,» Trump said Wednesday. 

HERE’S WHAT TRUMP IS REALLY UP TO WITH HIGH-STAKES TARIFF GAMBIT

«And because we are being very kind, we will charge them approximately half of what they are and have been charging us,» he said. «So, the tariffs will be not a full reciprocal. I could have done that. Yes. But it would have been tough for a lot of countries.»

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Fox News Digital examined the full tariff list and spoke to experts about who stands to lose the most due to the tariffs, and who will likely benefit and tackle the new tariffs victoriously. 

LOSERS 

Vietnam factory

Employees use sewing machines at the Pan-Pacific Co. Viet Pacific Clothing (VPC) factory in Vo Cuong, Vietnam, on March 1, 2019. (SeongJoon Cho/Bloomberg via Getty Images)

Fox News Digital spoke with Samir Kapadia, a managing principal at the lobbying and advisory firm the Vogel Group, who explained Vietnam will likely lose the most business due to the upcoming tariffs. 

VIETNAM

«Vietnam has long been an amicable trade partner with the United States for a variety of sectors, whether that would be textiles and apparel or computers and consumer electronics, but there has been a gross inequity in the bilateral trade relationship. Vietnam simply doesn’t have the economy or the resources to import from the United States and to… provide that reciprocity,» Kapadia explained. 

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Vietnam charges the U.S. a 90% tariff on imported goods to the nation. The Trump administration last week announced the Southeast Asian country will face a 46% tariff on goods imported to the U.S. 

Vietnam’s industries are also deeply rooted in Chinese business investments, Kapadia said. 

MUSK SAYS HE HOPES FOR ‘ZERO TARIFFS,’ FREEDOM OF TRADE ZONE BETWEEN US AND EUROPE

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«To add insult to injury, they also have been a hot bed for Chinese investment. Since the imposition of the Section 301 tariffs under the first Trump administration, which were these large-scale tariffs on Chinese imports, you had a whole number of Chinese companies across a variety of industries in the consumer product segment basically invest, instead, in factories in Vietnam as a way to circumvent paying tariffs, so the Chinese would keep their market share, but just go and make it in another country,» he explained. 

Vietnam and China

Chinese President Xi Jinping, left, and Vietnam President To Lam pass by an honor guard at a welcoming ceremony at the Great Hall of the People on Aug. 19, 2024 in Beijing. (Andres Martinez Casares-Pool/Getty Images)

Trump signed a memo under Section 301 of the Trade Act of 1974 in 2018 under his first administration targeting Chinese goods for U.S. tariffs in response to Chinese theft of American intellectual property, Trump said at the time. 

«This was by far the worst day for the Vietnamese government, in the sense, they’re realizing that that door has now closed. A 46% tariff – Vietnam is not an attractive country to import from. The numbers won’t work,» Kapadia said of the new rounds of tariffs targeting Vietnam. 

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The Asian nation has already felt the pinch, and called on Trump to delay the tariffs from taking effect this weekend.

AFTER TRUMP TARIFFS, JPMORGAN RAISES CHANCE OF RECESSION TO 60%

Vietnam’s leader To Lam wrote a letter to Trump on Saturday, the New York Times reported, asking him to delay the imposition of the tariffs for at least 45 days and for the pair of world leaders to meet in Washington, D.C., in May «to jointly come to an agreement on this important matter, for the benefit of both our peoples and to contribute to peace, stability and development in the region and the world.»

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CHINA

Chinese President Xi Jinping

Chinese President Xi Jinping stands at the closing session of the National People’s Congress in Beijing, March 11, 2024. (AP Photo/Ng Han Guan)

The «biggest losers» from Trump’s Wednesday announcement are «without question» China and Vietnam, Kapadia said. 

China was hit with a 34% tariff as part of Trump’s announcement last week, which is in addition to previous tariffs leveled on the nation. Kappadia said the newest upcoming tariff and the «high-band» tariffs of 45% on some Chinese goods puts the country’s tariff barrier at about 75% to 80%, which Kapadia predicted could grow to 150% by the end of 2025. 

«That’s because there’s just a lot of ongoing challenges with China that have not begun to kind of roll-out or get resolved, and ultimately the United States is going to have to continue to pressure U.S. companies to invest more in the United States, and the only way to do that is to continue to put pressure on China,» Kapadia said. 

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The trade expert continued that other nations, particularly European export sectors, could also see fallout from the tariff plan in regard to luxury products or household purchases, but that it’s too early to predict where the chips will fall with Europe. 

«I think that that might resolve itself over time, depending upon how the Europeans behave. From what we’ve seen, just early next week, we’re going to have some dignitaries and officials from Europe come and visit the president to negotiate on a potential resolution. All in the meanwhile, they are threatening a retaliatory 20% tariff to kind of make this tit-for-tat based on the reciprocal tariff announcement, but we know from the president that all that’s going to do is turn the 20% that we put on Europe to 40%,» he said. 

WINNERS

Kapadia pointed to India and Japan as the two nations that will benefit from Trump’s tariff plan last week. 

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HERE’S A CLOSER LOOK AT TRUMP’S TARIFF PLAN: WHAT TO KNOW ABOUT THE NEW DUTIES

«We have seen both the Japanese head of state and the Indian head of state come to Washington and provide the president with opportunities where they would then reduce their own tariff barriers,» he said. 

«Just a week before this announcement, Prime Minister Modi came out and provided a whole list to the government… that says, ‘Here are all the things that I’m going to reduce, in terms of tariffs of U.S. exports to India’ And so I think that’s going to continue. And I think that they’re going to make headway at getting toward more equitable trade between the two countries,» he added. 

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INDIA and JAPAN 

Trump unveiled a 27% tariff on India on «Liberation Day» and a 24% tariff on Japan. 

President Donald Trump meets Indian Prime Minister Modi

President Donald Trump and India’s Prime Minister Narendra Modi shake hands during a news conference in the East Room of the White House, Feb. 13, 2025. (Photo/Alex Brandon)

«I think that they’re going to make headway at getting toward more equitable trade between the two countries, whether that’s India and the U.S. or Japan and the U.S., and honestly serves to the U.S.’ benefit to rectify some of those tariff barriers with India,» he said. «It is the largest democratic country in the world, and they are strategic ally for geopolitical reasons and a number of other considerations. And so they’re going to be a country that I think we have to watch and really see how they negotiate their way through this new tariff regime.» 

Kapadia pointed to a handful of U.S. companies that operate in India, such as Lego, Apple and Goldman Sachs, and predicted companies that have made large-scale investments in India will likely stay there, while they will likely move other overseas operations in nations facing even higher tariffs, such as Vietnam, to India. 

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TRUMP TOUTS RETURN OF ‘AMERICAN DREAM’ IN HISTORIC TARIFF ANNOUNCEMENT 

«You name it, a whole slew of U.S. companies have made concerted, large-scale investments in India. I think that they’re going to stick to them. I think they’re going to grow there. And if you look at the difference, just on our arbitrage basis, 46% versus 26% – that’s a big Delta. So if you’re Apple, and you’re making Apple technology, Apple-related products in Vietnam, and you’re importing at 46%, or you’re making it in India at 26%, you’re obviously going to double down on your India effort,» he said. 

Japanese Prime Minister Shigeru Ishiba and President Trump

President Donald Trump shakes hands with Japanese Prime Minister Shigeru Ishiba in the Oval Office of the White House on Feb. 7, 2025. (Jim Watson/AFP via Getty Images)

Kapadia continued that Trump’s latest tariff policies target corporate America, which opens the doors to which industries will move back to U.S. soil to avoid the tariffs. He pointed to «critical industries» such as semiconductor manufacturing, critical minerals, aluminum and steel manufacturing delivering large-scale investments in the U.S. both this year and next year, to increase capacity and production «out of necessity.» He noted that Trump’s customized reciprocal tariffs are not stackable with existing tariffs on certain industry imports, such as steel and aluminum.

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HERE’S WHAT HAPPENED DURING TRUMP’S 11TH WEEK IN OFFICE

«That’s going to be the opportunity for the jobs to be created, for the investment to happen. Whereas on the multilateral kind of, ‘Hey, here’s our new kind of blended rate for these 60 odd countries,’ that’s just going to be finding more equity with a foreign direct investment from those countries,» he said. 

U.S. WORKERS

In America’s Rust Belt, which stretches from Illinois to upstate New York, critical industries are ramping up production under the second Trump administration and locals are excited after decades of old industrial towns economically suffering, Ohio Republican Rep. Michael Rulli told Fox News Digital in an exclusive Zoom interview. 

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Trump in Rose Garden

Brian, from Detroit, speaks alongside President Donald Trump as he delivers remarks on reciprocal tariffs at the White House on April 2, 2025. (Brendan Smialowski/AFP via Getty Images)

«They did a study by the Census Bureau in 1949, and they looked at the top 20 most influential cities that were prosperous in the United States. And I want you to think about some of these names on this [list]. They’re names like Buffalo, Detroit, Cleveland, Youngstown, Allentown, Pittsburgh. That isn’t the case anymore. For the 50 years after that, we saw both political parties celebrate putting jobs across in other countries,» Rulli said. 

Rulli reflected on 1977’s «Black Monday» in Youngstown, Ohio, when steel manufacturer Campbell Works of Youngstown Sheet and Tube shuttered its doors and left thousands of workers unemployed in a chilling move that is still felt in the area today. 

TRUMP TARIFFS SPARK ‘EXCITING TIME’ FOR OHIO STEEL PLANT AS CEO EYES ADDING JOBS, BOOSTING PRODUCTIVITY

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«We have Vallourec up in Youngstown, Ohio, that’s making all the pipe that you use for fracking. And that’s really exciting,» Rulli said. «When you put energy first, it ties in with the whole Ohio six. We’re gonna start building power plants, cracker plants. We’re going to put America back on the map with energy. And it’s all happening with this agenda that’s going right in front of your eyes. And it starts with tariffs. Remember, we have to have a starting place for ‘Art of the Deal.’ And the president has put that bar very high. We have every ability to negotiate fair trade deals with these other countries right now.»

Steel facility in Ohio

JSW Steel USA facility in Mingo Junction, Ohio. (JSW Steel USA )

The Ohio congressman said he toured Mingo Junction, Ohio, home to a JSW steel plant, and saw how the steel industry is coming back to life in the area after decades of dormancy. 

DEMOCRAT REP VOWS TO WORK WITH TRUMP ON KEY PART OF TARIFF PLAN: ‘HOPING THAT I CAN HELP’

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«Two weeks ago, I spent several hours touring the entire steel mill and how incredible it was in Mingo Junction, Ohio, actually the birthplace of my grandma. So it was like sort of a full circle. We’re bringing back steel in America. How about that? And they’re re-looking at it. They’re being very specific. It’s almost like a boutique steel making process and they’re expanding. It’s really a great triumph,» he said. 

With jobs, Rulli argued, crime and addiction woes that have plagued the nation in recent years will fall, while generations of families that previously worked in the steel industry can carry on the tradition, 

Trump holds up reciprocal tariffs executive order

President Donald Trump signs two executive orders during the Make America Wealthy Again event in the Rose Garden of the White House on Wednesday, April 2, 2025. (Demetrius Freeman/The Washington Post via Getty Images)

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«This is Art of the Deal. In the 1950s, America was at its highest point ever. And what we’ve done since then is pretty much gutted the working-class, blue-collar. And I think the people in my district realized this, you know, when we see some of these tariffs that are put on the United States, that they put 60, 70, 80% tariffs on us, and we send our product to them with no tariffs. I think this is the greatest, basically, reconfiguration of trade that has ever happened in American history. And it’s very exciting, especially if you go by the America First agenda,» he said. 

Fox News Digital’s Diana Stancy contributed to this report. 

Donald Trump,Trump’s First 100 Days,Politics,World,Economy

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Unearthed Mamdani clip reveals how his upbringing made him open to being called ‘radical,’ socialist

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A resurfaced interview by New York City socialist mayoral candidate Zohran Mamdani shows him explaining that the family he grew up in made him «open» to being a «radical» and suggesting that socialism needs to be re-branded.

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«I think, honestly, growing up in the family that I grew up in, I was quite open to what would be considered being a radical from a very young age,» Mamdani said on The Far Left Show in 2020. 

«I mean, from the beginning, my identities are already considered radical by a lot of mainstream American political thought. So being a Muslim, being an immigrant, these are things that already kind of put you in the box of ‘other.’ And so it’s not that far of a jump because whenever you… stand up to speak up for the rights of others who share the same identity as you, then you’re a radical, right? So often people in this country are considered radicals if they stand up for Palestinian human rights.»

Mamdani has faced criticism over some of his positions taken as a young man, including supporting an academic boycott of Israel and starting a Students for Justice in Palestine chapter during his college days, as well as the past writings of his father, Mahmood Mamdani. 

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ZOHRAN MAMDANI FIRES BACK AT WHITE HOUSE MISPRONOUNCING HIS NAME: ‘M-A-M-D-A-N-I’

Mamdani explained his ‘radical’ background in a 2020 podcast appearance

Mahmood Mamdani’s social media presence is littered with anti-Israel positions referring to Israelis as «colonial settlers» and celebrating the idea of a «third intifada.» Additionally, Mahmood Mamdani sits on the council of an openly anti-Israel tribunal and once wrote in a book, which he dedicated to his son, that suicide bombers «stigmatized as a mark of barbarism.»

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«Zohran Mamdani has built his political brand on the same radical, hate-filled and anti-American ideology his father, Mahmood Mamdani, has spent decades promoting—one that demonizes Jewish people and legitimizes anti-democratic violence,» Brooke Goldstein, a human rights attorney who specializes in antisemitism, told Fox News Digital earlier this month. 

«The Jew-hatred the Mamdani family peddles is fundamentally anti-American and violates the core values our country was founded on—tolerance, equality, and liberty. Our nation’s strength lies in its diversity and commitment to protecting minority rights. Antisemitic world views threaten the peace and security of our communities.»

In the interview, the younger Mamdani went on to lament the criticism that Democratic Socialists of America have faced for supporting BDS.

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MAMDANI CONFRONTED ON STREETS OF NYC ABOUT ‘COMMUNIST’ LABEL, REFUSES TO ANSWER

Mamdani smiling in NYC

Democratic socialist candidate Zohran Mamdani, who won the Democratic primary for mayor of New York City, attends an endorsement event from the union DC 37 on July 15, 2025, (Spencer Platt/Getty Images)

BDS is described as «an international campaign to delegitimize the State of Israel as the expression of the Jewish people’s right to national self-determination by isolating the country economically through consumer boycotts, business and government withdrawal of investment, and legal sanctions,» according to Influence Watch.

Mamdani also explained in the interview his evolution as a «socialist.»

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«I think I’ve been a socialist for quite a while, but I don’t think I understood myself within the terms of that label,» Mamdani said. «And I think that that is something that I not only internalized, but also became comfortable expressing when I became an active member of New York City DSA, which is an organization that I’ve been a member of. I attended my first meeting in early 2017, but I’ve been a much more active member since 2018.»

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Mamood Mamdani

New York mayoral candidate, State Rep. Zohran Mamdani (D-NY) stands with his mother Mira Nair, and father Mahmood Mamdani as they celebrate during an election night gathering at The Greats of Craft LIC on June 24, 2025. (Michael M. Santiago/Getty Images)

Mamdani added that he hopes to rebrand the word socialism to be more appetizing for the general public.

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«I think, for me, a lot of times people try and scare you into never embracing the word, and I think that there’s a lot of work that we have to do to change our branding, because socialism in and of itself, the way I understand it, is a fight for the state to provide all that is necessary to live a dignified life for each and every person in our state,» Mamdani explained. 

«That is something that when you explain it in that way, and when you talk about the way in which it is applied, when you’re talking about typically housing, healthcare, education, but I would argue we must expand that beyond and talk about public transit and talk about the internet and talk childcare. People are receptive to that.»

Fox News Digital reached out to the Mamdani campaign for comment.

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Taiwán alertó a la UE sobre las amenazas de infiltración impulsadas por el régimen chino para socavar la democracia

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El presidente de Taiwán, William Lai (REUTERS/Ann Wang)

El presidente de Taiwán, William Lai, advirtió este martes que su país y la Unión Europea (UE) enfrentan amenazas comunes de interferencia externa, en especial intentos de manipulación electoral, desinformación y ataques a la confianza pública.

Las declaraciones se produjeron durante una reunión con miembros de la Comisión Especial del Parlamento Europeo sobre el Escudo Europeo de la Democracia, de visita en Taipei.

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“Ambos se han encontrado con interferencias informativas e infiltraciones de fuerzas externas que han intentado manipular los resultados de las elecciones democráticas, crear confrontación en la sociedad y hacer tambalear la confianza de la gente en la democracia”, afirmó Lai, según un comunicado difundido por su oficina presidencial.

El mandatario taiwanés subrayó que Taiwán y la UE comparten valores fundamentales como la libertad y la democracia, y mantienen relaciones económicas y comerciales estrechas, aunque no tienen lazos diplomáticos formales. Pese a ello, Lai señaló que existe una cooperación creciente frente a riesgos híbridos como los que —según denunció— se originan en China.

Durante una reunión con legisladores
Durante una reunión con legisladores europeos en Taipei, el presidente William Lai destacó la necesidad de fortalecer la cooperación entre los países del bloque frente a amenazas híbridas y ataques contra la estabilidad institucional (REUTERS/Ann Wang)

La isla ha acusado en repetidas ocasiones a Beijing de desplegar campañas de desinformación, operaciones de influencia y ciberataques con el objetivo de socavar su sistema político. Lai reiteró que Taiwán rechaza las reclamaciones de soberanía de China, país que considera a la isla parte de su territorio y ha intensificado su presión diplomática y militar en los últimos años.

Taiwán está decidido a trabajar para salvaguardar la democracia, la paz y la prosperidad en todo el mundo, y espera compartir su experiencia con Europa”, añadió el presidente taiwanés, al tiempo que agradeció el respaldo expresado por instituciones europeas ante las amenazas sobre el Estrecho.

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En paralelo a la visita de la delegación europea, el Ministerio de Relaciones Exteriores de Taiwán (MOFA) valoró como “sincero y significativo” el apoyo expresado por Bruselas. El pronunciamiento del MOFA fue en respuesta a las conclusiones del 13.º Diálogo Estratégico UE-China, celebrado el 2 de julio en Bruselas y copresidido por la vicepresidenta de la Comisión Europea, Kaja Kallas.

Durante ese encuentro, la diplomática europea reiteró su rechazo a cualquier intento unilateral de modificar el statu quo en el Estrecho de Taiwán, en especial a través de fuerza militar o coerción, según el comunicado oficial. Kallas también manifestó preocupación por la situación de los derechos humanos en China y por las amenazas híbridas provenientes de Beijing, que afectan tanto a Europa como a la región del Indopacífico.

Taiwán ha acusado en repetidas
Taiwán ha acusado en repetidas ocasiones a Beijing de desplegar campañas de desinformación, operaciones de influencia y ciberataques con el objetivo de socavar su sistema político (REUTERS/Dado Ruvic/Illustration/Archivo)

Además, el MOFA recordó que el Servicio Europeo de Acción Exterior (SEAE) ha emitido varios comunicados en respuesta a tres ejercicios militares a gran escala realizados por China desde mayo, los cuales incluyeron simulacros de bloqueo marítimo y ataques coordinados alrededor de la isla. Esos comunicados subrayaron la importancia de mantener la paz y la estabilidad en el Estrecho como elemento clave para la seguridad regional y global.

La UE tiene un interés directo en mantener el statu quo en el Estrecho de Taiwán”, afirmó el MOFA en su declaración. El ministerio también aseguró que Taiwán continuará fortaleciendo la cooperación con Bruselas y otros aliados democráticos para proteger el orden internacional basado en normas, y para enfrentar las amenazas comunes que afectan a regímenes democráticos.

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China ha rechazado todas las acusaciones de interferencia y sostiene que Taiwán busca apoyo extranjero para impulsar una agenda separatista. A pesar de ello, tanto Taiwán como la UE han intensificado en los últimos años los canales de comunicación informal, especialmente en áreas de comercio, tecnología, ciberseguridad y defensa de los valores democráticos.

(Con información de Reuters)



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Trump invokes Russia collusion hoax while calling for longtime foe Schiff to face jail time

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President Donald Trump called for California Democrat Sen. Adam Schiff to face jail time while invoking recently declassified documents alleging Obama administration officials «manufactured and politicized intelligence» to create the narrative that Russia was attempting to influence the 2016 presidential election.

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«Adam ‘Shifty’ Schiff is in BIG TROUBLE!» Trump posted to Truth Social Sunday evening. «He falsified Loan Documents. He once said my son would go to prison on a SCAM that Schiff, along with other Crooked Dems, illegally ‘manufactured’ in order to stage an actual coup.» 

«My son did nothing wrong, knew nothing about the fictional story,» he added. «It was an American Tragedy! Now Shifty should pay the price of prison for a real crime, not one made up by the corrupt accusers!» 

Schiff is under scrutiny after the U.S. Federal Housing Finance Agency (FHFA) sent a letter to the Department of Justice in May sounding the alarm that in «multiple instances,» Schiff allegedly «falsified bank documents and property records to acquire more favorable loan terms, impacting payments from 2003-2019 for a Potomac, Maryland-based property.»

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FEDERAL HOUSING OFFICIAL SUBMITTED SCHIFF CRIMINAL REFERRAL TO DOJ OVER MORTGAGE DOCUMENTS

President Donald Trump highlighted 2024 allegations of mortgage fraud against Sen. Adam Schiff, left — claims that Schiff has denied. (Getty Images)

FHFA is an independent federal agency that oversees Fannie Mae, Freddie Mac and the Federal Home Loan Bank System. 

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Schiff’s office did not respond to Fox News Digital’s request for comment Monday morning.

Trump publicly lambasted Schiff Tuesday over the alleged mortgage fraud, while Fannie Mae’s financial crimes investigations concluded last week in a letter to the FHFA that Schiff allegedly engaged in «a sustained pattern of possible occupancy misrepresentation» on five Fannie Mae loans, Fox News Digital previously reported. 

«I have always suspected Shifty Adam Schiff was a scam artist,» Trump posted to Truth Social Tuesday. «And now I learn that Fannie Mae’s Financial Crimes Division have concluded that Adam Schiff has engaged in a sustained pattern of possible Mortgage Fraud.» 

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«Adam Schiff said that his primary residence was in MARYLAND to get a cheaper mortgage and rip off America, when he must LIVE in CALIFORNIA because he was a Congressman from CALIFORNIA. I always knew Adam Schiff was a Crook. The FRAUD began with the refinance of his Maryland property on February 6, 2009, and continued through multiple transactions until the Maryland property was correctly designated as a second home on October 13, 2020.»

Schiff has passed off the allegations as a continuation of Trump’s history of slamming the liberal lawmaker. 

Democratic California Rep. Adam Schiff

Sen. Adam Schiff is facing scrutiny over his home mortgages in California and Maryland.  (Drew Angerer/Getty Images)

«Since I led his first impeachment, Trump has repeatedly called for me to be arrested for treason,» Schiff posted to X earlier in July after Trump first accused Schiff of mortgage fraud. «So in a way, I guess this is a bit of a letdown. And this baseless attempt at political retribution won’t stop me from holding him accountable. Not by a long shot.» 

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WATCH: ADAM SCHIFF SILENT AFTER TRUMP ACCUSED HIM OF MORTGAGE FRAUD

Trump and Schiff have long been political foes, which was underscored during Trump’s first administration when Schiff served as the lead House manager during the first impeachment trial against Trump in 2020, and when Schiff repeatedly promoted claims that Trump’s 2016 campaign colluded with Russia. 

Days after Trump first posted about Schiff’s mortgages in Maryland and California, the president’s Director of National Intelligence Tulsi Gabbard declassified documents that reportedly show «overwhelming evidence» that then-President Barack Obama and his national security team laid the groundwork for what would be the yearslong Trump–Russia collusion probe after Trump’s election win against former Secretary of State Hillary Clinton in 2016. 

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«It lays out, these over 100 documents that you’re referencing, that I declassified and released, spells out in great detail exactly what happens when you have some of the most powerful people in our country directly leading at the helm, President Obama and his senior-most national security cabinet, James Comey, John Brennan, James Clapper, and Susan Rice and others, essentially making a very intentional decision to create this manufactured, politicized piece of intelligence with the objective of subverting the will of the American people,» Gabbard told Fox News’ Sean Hannity Friday evening.

Tulsi Gabbard

Tulsi Gabbard declassified documents that reportedly show «overwhelming evidence» that then-President Barack Obama and his national security team laid the groundwork for what would be the yearslong Trump–Russia collusion probe.  (John McDonnell/The Associated Press)

TRUMP ACCUSES ‘SCAM ARTIST’ SCHIFF OF LYING ABOUT MARYLAND HOME TO COMMIT MORTGAGE FRAUD

She argued that the goal of Obama and his team was to essentially «not accept the decision of the American people» in 2016, and to use this «manufactured, politicized piece of intelligence» as a means to enact a «years-long coup against President Trump.»

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Schiff was an incredibly vocal lawmaker amid the Russian collusion claims, most notably when the House censured him in 2023 over his promotion that Trump’s 2016 campaign colluded with Russia. Schiff served in the House representing California from 2001 to 2024, when he was sworn-in as a senator after his successful 2024 campaign to serve in the nation’s upper chamber.

Adam Schiff

Sen. Schiff was a vocal lawmaker who promoted the narrative that the 2016 Trump campaign colluded with Russia.  (Susan Walsh/The Associated Press)

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Schiff served as the ranking member of the House intelligence committee from 2015 to 2019, before becoming the committee’s chair from 2019 to 2023. In that role, Schiff was kept up to date on classified materials surrounding the Russian collusion claims. 

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Schiff advocated in 2018 that Donald Trump Jr., the president’s son, face a subpoena amid Special Counsel Robert Mueller’s investigation into claims Trump’s 2016 campaign colluded with Russia to secure the election, which Trump cited in his latest Truth Social aimed at Schiff. Mueller’s investigation, which wrapped up in March 2019, into the Russia claims determined there was no evidence of collusion between the Trump campaign and Russia.

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