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Trump’s economic policies have no direction

  • President Trump imposed wide-ranging tariffs including 10% on most imports and 145% on many Chinese goods early in his second term in 2025.
  • These tariffs followed Trump's campaign promises and have created uncertainty among businesses and consumers about future import taxes and prices.
  • While some businesses support the tariffs for encouraging domestic production, many consumers worry about price increases and the economy shows mixed signals.
  • Economic indicators show slowing growth, a falling stock market with the worst start to a presidency since the 1970s, and consumer confidence hitting pandemic lows.
  • The tariffs have so far caused economic turbulence and uncertainty, raising recession risks as high as 60%, while policy direction remains unclear to many observers.
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The New Republic broke the news in on Wednesday, April 30, 2025.
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