Reported about 6 hours ago
Rick Newman argues that President Trump's proposed tariffs on imports are misguided, likely leading to inflation and economic stagnation while distracting from the more pressing issue of the national debt. Despite Trump's claims that tariffs will bolster manufacturing in the U.S. and provide revenue for tax cuts, economists predict a lose-lose scenario for both the U.S. and global economies. Newman highlights the urgent need for measures to stabilize the national debt, exceeding $36 trillion, which requires politically unpalatable decisions such as benefit cuts and tax hikes that past leaders have avoided.
Source: YAHOO