Tariff Troubles.
President Trump sought to find his way out of a maze of his own making on Wednesday, offering opaque comments as to what he is going to do about tariffs.
The tariff issue has dominated the political scene since April 2, when Trump announced much heavier levies than expected on numerous nations.
Trump hailed the move as “Liberation Day.” But it has reverberated to his detriment, with stock markets falling sharply, the bond market becoming turbulent and the dollar’s value eroding.
Those shifts have been accompanied by worrying poll numbers for the president regarding his economic stewardship.
Now the question is how Trump gets himself out of the trouble he has got himself into. He will want to do so without leaving the impression of an obvious climbdown or a confession of error.
BY NIALL STANAGE ‘The Hill’
Re-writing the Global economy in 3 months carries enormous risk with the prospect of runaway inflation ever present. The desire to mold something so quickly is has inevitable unforeseen consequences that are rarely apparent at first blush but are fully felt by the general electorate as time passes. The President is currently rethinking some of his most drastic tariffs in a bid to calm markets and those in his own party both of whom have run scared.
