Economics Professor Utterly Shreds Donald Trump’s Trade Chaos In 5 Seconds Flat
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University of Michigan's Justin Wolfers also warned why "everything we buy is at risk."
Justin Wolfers, a University of Michigan economics professor, offered a short but biting summary of President Donald Trump’s unpredictable trade policies on Wednesday, warning they could help trigger a recession.
“You and me, our family budgets and how we make plans depends entirely on what happens in the White House and it’s even harder than that because they haven’t announced a single clear coherent policy,” Wolfers pointed out to MSNBC’s Nicolle Wallace.
He then summarised the chaos in just five seconds:
“We have tariffs, then we don’t. Then we’re on a pause. Then we’re not. Then we’re going to make deals. And actually, we’re not going to make deals — I’m just going to say a new number.”
Wolfers said that both families and businesses are “frozen in place,” unable to plan budgets or make purchasing decisions amid the uncertainty.
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