The article discusses the recent economic impact following President Trump's announcement of extensive tariffs on global trade, which initially caused a significant stock market decline. Despite current positive economic indicators such as job growth and strong corporate earnings, concerns persist regarding the long-term effects of his trade policies, particularly as they relate to China. The piece suggests we are in a temporary period of calm, but warns of underlying risks that could emerge if Trump's trade strategies continue without resolution or rollback of tariffs.
The uncertainty is doing plenty of economic damage. He may make things much worse.
Weâre in a phony-war period of Trump's trade conflict. Things appear fine on the surface, but plenty of signs of impending trouble are emerging.
If Trump rolls back his tariffs on China and reaches deals with other U.S. trading partners, the damage will be limited.
Job growth in April was respectable. Corporate-earnings reports have come in strong, and the stock market has regained the ground it lost after April 2.
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