“Maybe the children will have two dolls instead of 30 dolls, you know,” he said, “and maybe the two dolls will cost a couple of bucks more than they would normally.” — Jane Mayer, a reporter with The New Yorker, called it “Trump’s Marie Antoinette moment.” https://theconversation.com/what-is-the-biggest-gaffe-blooper-or-blunder-that-a-recent-president-has-made-it-may-depend-on-what-your-definition-of-is-is-255755

With US President Trump and his team of economic and trade advisers hogging the headlines on a daily basis with new twists and turns on their implementation of the “most beautiful word” in Trump’s vocabulary, pundits around the world have begun to assess the impact and the likely future consequences and repercussions. 

Leading financial and economic institutions in the US and elsewhere unanimously agree that the tariff policies, even if moderated, pose a major threat to global economic growth and stability. 

The IMF – citing trade disruptions, policy uncertainty, and retaliatory measures – has revised its global growth projection for 2025 to 2.8%, down from 3.3% in 2024. For 2026, it expects global growth to remain subdued at 3%, with risks tilted downward due to the prolonged trade tensions. What is significant too is that it has increased the probability of a recession in the US to nearly 40%, higher than its forecast of........

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