The article discusses the impact of Donald Trump's tariff policies on American businesses. Trump's recent announcement of increased tariffs on Chinese goods, along with a 90-day pause for other countries, has sparked significant concern.
American business leaders, including billionaires, are openly criticizing Trump's decision. Bill Ackman, a previous supporter of Trump, described the new tariffs as a "nuclear economic war." Larry Fink of BlackRock believes the US economy is already in a recession and that Trump's policies risk further market declines. Some Republicans even consider limiting the president's power over economic policy.
The article highlights internal disagreements within Trump's administration. While some advisors support permanent tariffs, others seek to mitigate their impact. Public contradictions between statements made by officials like Peter Navarro and Scott Bessent reveal these internal conflicts. Trump himself remains evasive about his long-term tariff goals, adding to the uncertainty.
The conflicting signals from the Trump administration cause significant market volatility. Social media posts and misinterpreted comments lead to short-lived market fluctuations, highlighting the market's sensitivity to Trump's decisions. Despite warnings, Trump continues to largely ignore criticism and the potential consequences for his voters.