Wall Street Journal (April 3)
2025/ 04/ 03 by jd in Global News
“The tariffs Trump announced would lift the average duty above the previous peak of 1930. It is by far the most disruptive component of an agenda that may be one of the most disruptive of any new president since the 1930s, one that includes slashing immigration, government spending, taxes and regulations.” The timing for all this is striking. “The economy he inherited was the envy of the world with growth of 2.8% last year, faster than almost every other major developed economy, an unemployment rate of just 4.1% and inflation of 2.8%. Stocks were at record highs.”
Tags: 1930, Disruptive, Duty, Economy, Government spending, Growth, Immigration, Inflation, Regulations, Stocks, Tariffs, Taxes, Timing, Trump, Unemployment
