LOADING ERROR LOADINGJustin Wolfers, a University of Michigan economics professor, offered a short but biting summary of President Donald Trump’s unpredictable trade policies on Wednesday, warning they could help trigger a recession. “You and me, our family budgets and how we make plans depends entirely on what happens in the White House, and it’s even harder than that because they haven’t announced a single clear coherent policy,” Wolfers pointed out to MSNBC’s Nicolle Wallace. AdvertisementHe then summarized the chaos in just five seconds:“We have tariffs, then we don’t. Then we’re going to make deals. “The pain that this set of tariffs is going to cause is going to be roughly 50 times larger than the tariffs that Trump imposed in his first term,” Wolfers warned.

Source: Huffington Post May 08, 2025 11:26 UTC