Economist Mark Zandi from Moody's Analytics criticizes President Trump's approach to tariffs, highlighting that the uncertainty around their implementation is detrimental to the economy. He points out that while tariffs themselves can be harmful, the inconsistent rollout creates instability in business confidence. Recently announced tariffs on Canada and Mexico are indicative of this unpredictability, as they were both threatened and put on hold before being finalized. As tariffs on China escalate, businesses remain uncertain about the economic landscape going forward.
Tariffs, broad-based tariffs, are a real problem for the economy.
Trump's chaotic tariff rollout threatens the optimism businesses had about the economy.
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