Trump chaos has already damaged the economy. It may be too late to fix

Trump chaos has already damaged the economy. It may be too late to fix

By Allison Morrow and Matt Egan, CNN New York (CNN) — President Donald Trump appears to be walking back some of his more extreme positioning on the economy — pivoting yet again on his signature tariff agenda and renewing concerns that his haphazard approach has already done serious economic damage. On Tuesday, Trump softened on two key issues that had been giving Wall Street nightmares: He signaled openness to easing tariffs on China, and said h…

California’s economy was already sluggish before Trump’s global tariffs

Dan Walters Commentary: Trump’s tariffs might make things worse, but California’s economic woes predate Trump. Much of it was self-inflicted.

WASHINGTON, D.C. – International trade and exploration have captivated human imagination for millennia. From Alexander the Great to Marco Polo, from the Silk Road to the East India Company, history is full of examples of how trade has redrawn the map of the known world. But for much of history, trade was influenced more by power than by equity. This began to change after Adam Smith and David Ricardo demonstrated that tariffs are economically har…

Since Sacramento, Gavin Newsom is leading an economic and legal revolt against the tariffs imposed by Donald Trump. California, the world’s fifth economy and the first in the United States, is alarmed at how Donald Trump’s protectionist agenda threatens to erode decades of this leadership. California’s economy is a global power. Data from the U.S. Census Bureau points out that California’s GDP stood at $4.1 trillion in 2024, 50% higher than that…