There has been something of a shift in the conventional wisdom about President Donald Trump’s tariffs of late.
On the one hand, economists and political analysts have warmed to the idea that Trump is more or less getting what he bargained for out of his threats of a global trade war. This has come as a number of foreign nations come to the table and, in a few cases, cut apparent deals.
On the other, that’s different from saying Trump’s tactics will ultimately work. And the picture there certainly got more complicated this week, including with yet more judges suggesting they could rein in Trump’s tariff authorities and the increasingly troubling economic numbers highlighted by another bad jobs report Friday. Many have been wondering when (and if) the economic pain many economists predicted would actually arrive, and signs are increasing that it might be upon us.
In other words, we seem to be at an inflection point, particularly with Trump signaling Thursday that he’ll finally press forward with global tariffs (probably!) next week.
But how is all of this playing? Are people reevaluating their previous positions?
