- Respected economists and analysts across the board predicted President Trump’s so-called “Liberation Day” tariffs would have a major effect on the U.S. and world economies. Analysts agreed that the announcement was worse than market onlookers expected as the stock market plummeted Thursday in response.
It’s a truism that economists can’t agree on anything—but President Donald Trump’s so-called “Liberation Day” tariffs have analysts in rare agreement that major economic pain is coming, and it’s worse than any of them predicted. Indeed, it could be even “worse than the worst case.”
