Trump Ignores Economic Warning Signs

Pivoting from tax cuts to tariffs, Trump ignores economic warning signs - Hawaii Tribune-Herald

WASHINGTON — The day after House Republicans approved an expensive package of tax cuts that rattled financial markets, President Donald Trump pivoted back to his other signature policy priority, unveiling a battery of tariff threats that further spooked investors and raised the prospects of higher prices on American consumers.

Economic warning signs are everywhere — and Trump is oblivious: analysis

President Donald Trump created more panic on Wall Street when, on Friday, May 23, he proposed steep tariffs of 25 percent on Apple products using foreign parts and 50 percent on products from the European Union (EU). The EU tariff, if he follows through, would go into effect on June 1.Shares of Apple stock plummeted in value, much to the dismay of investors.Trump argues that while his tariffs might cause some short-term pain in the form of highe…

Pivoting From Tax Cuts to Tariffs, Trump Ignores Economic Warning Signs - The New York Times

Pivoting From Tax Cuts to Tariffs, Trump Ignores Economic Warning Signs  The New York Times Article Attribution | Read More at Article Source The post Pivoting From Tax Cuts to Tariffs, Trump Ignores Economic Warning Signs – The New York Times appeared first on RocketNews.

Trump Ignores Economic Warning Signs

“One day after House Republicans approved an expensive package of tax cuts that rattled financial markets, President Trump pivoted back to his other signature policy priority, unveiling a battery of tariff threats that further spooked investors and raised the prospects of higher prices on American consumers,” the New York Times reports. “For a president who has fashioned himself as a shrewd steward of the economy, the decision to escalate his gl…

Pro-Trump TV Ad Overstates His Second-Term Economic Record

Este artículo estará disponible en español en El Tiempo Latino. A TV ad from a group supportive of President Donald Trump makes misleading claims, and uses outdated data, to argue that he is “fixing” an economy “ruined” by Democrats. For example, the ad says that “inflation and gas prices” are now “at four-year lows,” based on data from March. National average gasoline prices have increased since then and are several cents higher than when Trump…