Trump’s Hidden Agenda
Trump’s Hidden Agenda Will tariffs be the president’s most costly con yet? Dan Rather and Team Steady Apr 4 Traders on the NY Stock Exchange reacting as stocks plummet (credit: Getty Images). The big story today is Donald Trump’s tariffs and their deleterious effects on the global economy. Markets are tanking. Economists are reeling. The head of the Federal Reserve is saying these tariffs are likely to raise inflation and slow economic growth. Some big names on Wall Street are talking about our teetering on the front edge of a recession. The rest of us are scratching our heads. What’s the end game? Trump claims the tariffs are simply a way to raise capital — and, he predicts, force goods to be made in the United States, which would make them tariff-free. Economists will tell you that’s not how tariffs work. Tariffs are a tax, paid for by anyone buying anything from another country — everything from iPhones to avocados. In other words, just about everything will cost m...
