In the early months of 2025, as President Donald Trump’s sweeping tariff regime took hold, a chorus of economists and analysts forecasted economic Armageddon. Predictions of soaring inflation, plummeting GDP, and widespread job losses dominated headlines, with models from prestigious institutions painting a dire picture. Yet, as summer unfolds, the reality on the ground tells a different story—one of resilience and unexpected growth that has left many experts scrambling to explain their miscalculations.
The tariffs, dubbed “Liberation Day” measures by the White House, imposed reciprocal duties on imports from major trading partners like China, Mexico, and the European Union. Initially announced in April via a White House fact sheet, they aimed to protect American industries and restore economic sovereignty. Critics, however, warned of retaliation and supply-chain…
