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'A Ruinous Mission': Trump Will 'Own' the Impending Recession

Trump's tariffs have led to $29 billion in revenue but caused thousands of job losses and price increases, contributing to economic decline and recession concerns.

Summary by Alternet
New Republic writer Alex Shephard says Trump sold the idea of a “Kamala economic crash, a 1929-style depression” in the lead up to his win last November, but what America is facing is a crash of Trump’s own devising.“The economy is in significantly worse shape than it was a year ago, thanks in large part to actions Trump himself has taken,” said Shephard, and “the public recognizes this, as polls show a clear majority of Americans disapprove of …

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The New Republic broke the news in on Wednesday, August 27, 2025.
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