Economist predicts Trump’s tariffs won’t just be for leverage like his first presidency: ‘I don’t think many countries would be able to negotiate their way out of it’
By Paul Wiseman, The Associated Press, published at Fortune
President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally.
In some ways, his victory marked a repudiation of President Joe Biden’s economic stewardship and a protest against inflation. It came despite low unemployment and steady growth under the Biden administration.
