THE DAILY BLAST with Greg Sargent “Madness”: Trump Tariff Fiasco Suddenly Worsens amid Brutal Poll Drop
Apr 23, 2025
Heather Long, a Washington Post columnist and economic commentator, discusses the looming economic danger posed by Trump’s tariffs as new IMF forecasts predict lower growth and increasing layoffs. She explains how Trump's blame game, targeting Federal Reserve Chairman Jerome Powell, is heightening market turmoil. Long outlines the risks of a recession linked to tariff policies and explores internal administration conflicts over these chaotic strategies, highlighting the dire implications for both the economy and Trump’s approval ratings.
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IMF Downgrades U.S. Growth Due to Tariffs
- The IMF downgraded U.S. economic growth projections drastically due to tariff impacts and other factors.
- The U.S. faces the highest tariffs in over a century, severely harming economic outlooks.
Tariffs Driving Economy to Distress
- Trump's tariffs on imports, especially from China, have created widespread economic distress and risk recession.
- Only stopping the tariff policies could halt worsening economic conditions, but a quick resolution is unlikely.
Tariffs Trigger Layoffs in Manufacturing
- Tariffs increase costs on imported parts even for U.S.-made products, hurting manufacturing and leading to layoffs.
- Layoff risk threatens consumer confidence and can swiftly push the economy into recession.