Trump's tariff rollercoaster could tank his presidency
You’ve got a better chance of predicting when an earthquake will hit California than you have predicting what President Trump is going to do tomorrow — regardless of what he says today.
First, he tells us tariffs are on. Then tariffs are off, sort of — and, who knows, he may change his mind again before he sits down for lunch.
Stocks are down, then they’re up and by the time you read this they may be down again. Who knows?
Trump isn’t happy unless he’s unleashing some kind of chaos on the world. And yesterday, when the president suddenly announced that he would back down on his “reciprocal” tariffs for 90 days, the S&P 500 took off, rising almost 10 percent in just one day.
When he was running for president in 2024, Trump made a promise to the American people — a promise that played as well in diners in Ohio as it did in boardrooms in Manhattan: that he would lower prices and build a booming economy unlike anything we’d seen under President Joe Biden.
The pitch was simple. Elect a businessman, not a politician. Elect someone who knows the art of the deal, not the art of government red tape. Prices will drop, jobs will come back and America will be great again.
Fast forward — President Trump is back in the White House, and last week he announced what he called “Liberation Day,” which turned out to be “Obliteration Day” as the stock markets crashed, with the Dow falling almost 1,700 points.
Liberation Day was when he announced a whole........
© The Hill
