Tariffs, Trust, and Turbulence

On Tuesday, largely due to President Trump’s tariffs, the International Monetary Fund downgraded its projections for economic growth in a big way. Meanwhile, we’re already starting to see layoffs. All that comes as new polls show Trump cratering on the economy. Trump is now shifting blame to Federal Reserve Chairman Jerome Powell for the tariff fallout. But those attacks are only rattling markets and investors more, backfiring on Trump. We talked to one of the best economic commentators out there, Washington Post columnist Heather Long, author of a new piece on how Trump’s “tariff madness” is likely to drive us into a recession. She explains why the prognosis is so grim—and why Trump is in a bind with no easy way out.

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