Up First from NPR Trump's Tariff Response, Economics of Tariffs, SCOTUS Rules on Deportations
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Apr 8, 2025 President Trump navigates the turbulent waters of tariffs, raising fears of recession and higher prices. As trade negotiations escalate with countries like Japan and China, the stakes are high for U.S. businesses and consumers. Meanwhile, the Supreme Court's ruling bolsters deportation powers, stirring controversy over legal rights amid peacetime deportations. This complex landscape of tariffs and immigration policies intertwines with economic forecasts, painting a challenging picture for the American public.
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Trump's Tariff Strategy
- President Trump views tariffs as a negotiating tactic to restructure global trade.
- He believes this will bring manufacturing jobs back to the U.S. and increase wealth.
Economic Risks of Tariffs
- Tariffs may cause higher prices and slower economic growth, potentially leading to a recession.
- Other countries reliant on U.S. exports also face slowdowns.
Federal Reserve's Response to Tariffs
- The Federal Reserve is unlikely to lower interest rates unless unemployment rises significantly.
- Higher tariffs could worsen inflation, complicating the Fed's decisions.