WASHINGTON (AP) — When President Donald Trump last rolled out tariffs this high, financial markets quaked, consumer confidence crashed and…
WASHINGTON (AP) — When President Donald Trump last rolled out tariffs this high, financial markets quaked, consumer confidence crashed and his popularity plunged.
Only three months later, he’s betting this time is different.
In his new round of tariffs being announced this week, Trump is essentially tethering the entire world economy to his instinctual belief that import taxes will deliver factory jobs and stronger growth in the U.S., rather than the inflation and slowdown predicted by many economists.
On Tuesday, he told his Cabinet that past presidents who hadn’t aggressively deployed tariffs were…
