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Steve Rattner on Just How Bad Things Will Get Under Trump’s Tariffs
Apr 4, 2025
Steve Rattner, a contributing writer for Times Opinion and former head of President Obama's Auto Industry Task Force, brings his economic expertise to the discussion. He analyzes how Trump's tariffs are already disrupting global markets and warns of potential trade war fallout. Rattner delves into the business community's concerns, noting a shift from initial support to rising anxiety over inflation. He also critiques the administration's narrative on tariffs, highlighting growing economic discontent and the challenges of negotiating in today's landscape.
21:24
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Quick takeaways
- Trump's extensive tariffs may ignite a modern trade war, risking international trade dynamics and potential consumer cost increases.
- The looming economic slowdown, marked by inflation and downgrades in growth forecasts, raises concerns among business leaders about recovery.
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