Trump, Tariff and trade war
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Newsweek |
The laws Trump relies on simply do not contain clear congressional authorization for tariffs of this magnitude.
The New York Times |
Economists now consider a recession increasingly likely.
The New York Times |
Some bank economists are already forecasting that the economy will slip into recession later this year.
Read more on News Digest
“Kind” tariffs, as President Donald Trump describes them, are an oxymoron — especially to the U.S. manufacturers who rethought their global supply chain strategy after Trump announced about $50 billion in China-specific tariffs in 2018. Now, they are scrambling again.
3don MSNOpinion
The tariffs, which are taxes on international transactions, are destroying trillions in U.S. wealth, with the worst still to come.
4d
New York Magazine on MSNWhat Do Polls Say About Public Support for Trump’s Tariffs?Americans aren’t big fans of tariffs, and they’re also worried generally about Trump’s ability to rein in prices.
10dOpinion
The New Republic on MSNTrump Accidentally Wrecks His Own Tariff Spin in Leaked Call StunnerIn a call with auto CEOs, the president warned them against raising prices. Isn’t that an admission that his argument for tariffs is bogus?
The ALGOP Chairman says President Trump is breaking the mold, making “fundamental changes” to the nation’s economy. Just this week, a 25% tariff on imported cars went into e
Trump says his new tariffs will be “Liberation Day” for America. Economists’ and market analysts’ views are far more ominous.
4don MSNOpinion
Those dreading a return to the Smoot Hawley days think this time around could be even worse given the size and scale of Trump's new tariffs.
President Trump’s imposition of high tariffs on friend and foe alike has stunned the world and stumped economists. There is no economic rationale, experts say, for believing these tariffs will usher in a new era of American prosperity.