The Trump 2.0 Agenda Hits US Economy at Fragile Moment
Trump's tariffs are set to hit the US economy at what appeared to be a challenging time even without new costs for businesses and consumers. The president said Monday that Tuesday night "WILL BE BIG," with the economy undoubtedly a major focus. Ahead of these expected tariffs, stocks got crushed on Monday. Economic growth forecasts have tumbled in recent days, as Yahoo Finance's Josh Schafer writes, highlighted by the Atlanta Fed's GDPNow model projecting -2.8% GDP growth for the first quarter.
- The timing of Trump's latest tariff moves could be seen as a calculated gamble, but it's unclear whether the US economy can absorb the shock without sparking a broader economic downturn.
- How will the global response to these tariffs affect the already fragile supply chains and international trade relationships that have been impacted by the pandemic?