Published:
President Donald Trump campaigned on the promise of growth, a booming stock market, and lower taxes. So far, he’s delivering the opposite.
The tariffs imposed Tuesday on Mexico, Canada, and China hit the economy at a moment of heightened uncertainty—and incipient weakness. Trump and his advisers claim that these levies will produce short-term economic pain but achieve long-term gain. Yet, their rationale for the tariffs is shifting, and their analysis of the impact on assets such as the dollar don’t match the current effects.
Read the full article here