The White House Is Gaslighting Americans About Donald Trump’s Tariffs
The Administration insists that its aggressive trade policies won’t hurt U.S. consumers, but data from Trump’s first term suggest otherwise.
By John Cassidy, The NewYorker
John David Rainey, the chief financial officer of Walmart, America’s biggest company both in terms of annual revenue and number of employees, told the Associated Press last week that Donald Trump’s tariff policy was already affecting its decision-making and creating a good deal of uncertainty. “We are one month into the year, and there’s a lot that we don’t know,” Rainey said. Walmart executives aren’t the only ones in the dark. Since taking office five weeks ago, Trump has made a series of announcements and reversals that have left even seasoned observers of trade policy struggling to keep up. (When I asked one trade expert where Trump’s policies were heading, he laughed and said, “I haven’t got a fucking clue.”)
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The White House Is Gaslighting Americans About Donald Trump’s Tariffs _ The New Yorker (pdf)
