The financial titans who backed Trump are now dealing with the fallout from his tariffs. They spent the weekend surveying the damage of last week’s major sell-off.
The New York Stock Exchange on Friday. Bankers, executives and traders said this weekend that they felt flashbacks to the global financial crisis that began in 2007.
President Trump at the White House on Sunday. He wrote on social media that the only way to cure “massive Financial Deficits” with China, Europe and many others was with tariffs.
President Trump’s announcement went beyond most predictions, showing a greater willingness to follow his instincts even when critics — and some allies — consider failure a likely outcome.
The Democratic Party can’t stop America’s spiral into autocracy and oligarchy unless it casts off its stale talking points and reimagines what it stands for.
President Trump’s approach to tariffs has unsettled many corporate leaders who believed he would use the levies as a negotiating tool. As it turns out, he sees them as an end in themselves.
The president offers many reasons for imposing tariffs, including revenue, leverage over competitors and job creation. But history suggests a more complex history.
Corporate chiefs see “chaos,” and investors see red as the effect of President Trump’s shifting trade policy begins to weigh on board rooms and trading rooms.
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