The article discusses the chaotic approach of President Trump's tariff policy, emphasizing its detrimental effects on American businesses amidst a high uncertainty in economic policy. It contrasts this self-inflicted uncertainty with the global phenomena faced during the pandemic, highlighting the abrupt shifts in policy direction that leave markets and businesses in confusion. It gives a timeline of Trump's erratic tariff announcements, indicating the lack of a coherent strategy that undermines foundational economic stability and perpetuates confusion in global markets.
Businesses cannot thrive under this much uncertainty.
One U.S. uncertainty index of economic policy...has been higher at only one point in the past 40 years: when the coronavirus pandemic began.
Trump's tariff policy is nonsense...we have is chaos...the wealthiest nation in the world...is hurtling in another direction once again.
Before markets can adjust to one pronouncement, the world's smartphones buzz in unison announcing...the changing direction of tariff policies.
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