menu_open Columnists
We use cookies to provide some features and experiences in QOSHE

More information  .  Close

Trump's changing economic tune

2 1
02.05.2025
*{box-sizing:border-box}body{margin:0;padding:0}a[x-apple-data-detectors]{color:inherit!important;text-decoration:inherit!important}#MessageViewBody a{color:inherit;text-decoration:none}p{line-height:inherit}.desktop_hide,.desktop_hide table{mso-hide:all;display:none;max-height:0;overflow:hidden}.image_block img div{display:none}sub,sup{font-size:75%;line-height:0}#converted-body .list_block ol,#converted-body .list_block ul,.body [class~=x_list_block] ol,.body [class~=x_list_block] ul,u .body .list_block ol,u .body .list_block ul{padding-left:20px} @media (max-width:620px){.desktop_hide table.icons-outer{display:inline-table!important}.image_block div.fullWidth{max-width:100%!important}.mobile_hide{display:none}.row-content{width:100%!important}.stack .column{width:100%;display:block}.mobile_hide{min-height:0;max-height:0;max-width:0;overflow:hidden;font-size:0}.desktop_hide,.desktop_hide table{display:table!important;max-height:none!important}.reverse{display:table;width:100%}.reverse .column.first{display:table-footer-group!important}.reverse .column.last{display:table-header-group!important}.row-10 td.column.first .border,.row-8 td.column.first .border{padding:5px 5px 15px 25px}.row-10 td.column.last .border,.row-12 td.column.last .border,.row-8 td.column.last .border{padding:5px 20px 25px 5px}.row-12 td.column.first .border{padding:5px 5px 15px 25px;border-bottom:15px solid transparent}}
Welcome to The Hill's Business & Economy newsletter

{beacon}


Business & Economy


Business & Economy

 

The Big Story

Trump nods to economic worries as pressures rise

The president is switching up his messaging on the economy amid growing concern from voters and even fellow Republicans about his trade agenda.

© AP Photo

After months of expressing unabashed confidence in his plans to impose sweeping tariffs, Trump is acknowledging the pain the U.S. economy may face under steep import taxes.

The latest economic blow to Trump came through Wednesday’s disappointing report on economic growth, which fell sharply in the first quarter due to a surge of imports ahead of the president’s tariffs.

While Trump and his top economic officials touted the strength of other areas of the economy and brushed off the tariff impact, the president also attempted to blame the decline on former President Biden.

Trump also conceded that tariffs could push up prices and potentially lead to goods shortages, urging business leaders Wednesday to be patient with him and acknowledging that American consumers might just have to grin and bear it.

Trump’s tariff comments run counter to his previous positions on their economic effects and represent a departure from his pledge to lower costs following the highest levels of inflation in 40 years.

Read the full report at TheHill.com.

 

Welcome to The Hill’s Business & Economy newsletter, I'm Aris Folley — covering the intersection of Wall Street and Pennsylvania Avenue.

 

Did someone forward you this newsletter? Subscribe here.

 

Essential Reads

Key business and economic news with implications this week and beyond:

 

Stephen Miller claims Americans likely ‘willing to pay more’ for US-made dolls

Top White House aide Stephen Miller claimed Thursday that Americans are likely to be “willing to pay more” for American-made dolls.

© The Hill