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Brent Neiman says that Trump’s tariff calculations are completely off. He should know.
For the record: Larry Kudlow did try his best.
“I’m not worried about the markets,” Scott Bessent told NBC on Sunday.
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The president has remained hell-bent on pursuing his plans anyway.
A D.C.-based economics think tank estimated last month that Trump’s tariffs on Canada, Mexico, and China will cost American households $1,200 per U.S. household per year.
Economist Mark Zandi said the uncertainty is already causing damage.
The U.S. economy suffered its worst day of the year, according to analysts.
Consumer confidence is down in the face of instability from the White House.
Forget the disciplined campaign. Animal spirits are back driving the bus.
One leading Canadian politician called President Donald Trump’s decision to levy tariffs “an act of economic warfare.”
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