https://www.washingtonpost.com/business/2025/01/31/tariff-trump-trade-war/
President Trump confirmed tonight that he does NOT view the tariffs as a negotiating tool, but as a way to improve the economy. “Tariffs don’t cause inflation,” he said, “they cause success.”
This is what I was afraid of. I’ve been hoping his aides would talk him out of this; I still am. There is not a single economic expert, neither conservative or liberal, who thinks a 25% tariff on Canada and Mexico will be anything but an economic disaster. If this happens, if Trump means it, if he doesn’t reverse himself in a few days or weeks, we are looking at a recession, or worse, a depression.
Of every decision Trump has ever made this will be the worst by far: it will be the worst decision by any President in our lifetime. Not joking about this. I know some of you MAGA types will laugh, will say I’m freaking out about this, whatever. I don’t expect you to trust me, but listen at least to the economic folks.