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The Latest Breaking News from Justin Wolfers

Trump's Zombie Tariffs Are Back— and Top Economist Justin Wolfers Says It's a 'Never-Ending 24/7 Saga'

President Donald Trump’s sweeping import taxes have returned from the dead, earning the moniker “zombie tariffs,” and economists warn the chaotic policy is wreaking havoc on U.S. businesses.

Benzinga

Samsung Cuts US Jobs, Tariff Wars Escalate and More: This Week in Economics

It’s been another eventful week on the economic front, with tariff battles, corporate restructuring and regulatory appointments setting the stage for what’s ahead. Here’s a quick recap of the major economic stories that came in over the week.

Benzinga

Top Economist Warns Trump's New Tariffs Are 'Same Rotten Policy' in a New Wrapper Even If They Survive Court: 'But They Will Fail To...'

The Donald Trump administration has officially announced a sweeping new set of tariffs ranging from 10% to 12.5% on 60 designated trading partners—encompassing over 80 individual countries when accounting for the European Union—to replace expiring temporary duties.

Benzinga

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'Canada Was Just the First One To Find That Out': Top Economist Warns Trump's Tariffs Are a Global Trade War Test Case

President Donald Trump’s sudden move to slap a 50% tariff on Canadian goods is less about the northern neighbor and more a stark warning to the globe. Economist Justin Wolfers argues the tariffs serve as a test case ahead of a broader global trade war.

Benzinga

Gavin Newsom Says Trump's Canada Tariffs Will Raise Costs, Asks How Many 'Tantrums' Do Americans Have To Suffer Through

President Donald Trump‘s new 50% tariffs on Canadian goods drew criticism on Tuesday, with Gov. Gavin Newsom (D-Calif.) warning the move would raise costs for Americans, while economist Justin Wolfers said the tariffs could weaken confidence in future U.S. trade agreements.

Benzinga

Justin Wolfers Says Trump's 'One Big Beautiful Bill' Puts an Expiration Date on 'No Tax on Tips,' but 'The Tax Cuts for the Rich Are Permanent'

Economist Justin Wolfers criticized President Donald Trump’s tax legislation, arguing that several campaign promises targeting workers and retirees were narrowed in the final law while tax cuts benefiting wealthier Americans remain permanent.

Benzinga

Trump Accounts Projections Are 'Ridiculous, Dishonest and Deeply Misleading,' Says Top Economist Justin Wolfers

The much-touted millionaire projections for the newly launched Trump Accounts are drawing sharp criticism from top economists, with Justin Wolfers explicitly labeling the White House’s figures as “ridiculous, dishonest and deeply misleading.”

Benzinga

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Economist Justin Wolfers Says 'the Puzzle' Behind Record Highs 'Goes Away' Once You Take Out AI

Economist Justin Wolfers on Sunday said the U.S. stock market’s record-setting rally is being driven largely by a handful of artificial intelligence-linked companies, masking what he described as a much less impressive performance across the broader market.

Benzinga

Oil Surges Again as US-Iran War Escalates: Top Economist Justin Wolfers Explains the ‘Hidden Pattern’ Driving Gas Prices

Fresh military strikes in the Middle East have shattered a fragile ceasefire, sending crude oil prices surging and guaranteeing an immediate spike in fuel costs. This rapid increase, contrasted with sluggish price drops during periods of relief, is driven by a “hidden pattern” that economists have long tracked.

Benzinga

How Much Has the Iran War Actually Cost? A Lot More Than $25 Billion.

Direct military costs have exceeded $70 billion by one estimate, and Americans have paid more than $37 billion in higher energy costs since the war began.

Reason

Nightmarish labor market finally shows signs of letting up—and ‘vindication’ for Jerome Powell

“Low-hire, low-fire” is so 2025-coded as January suggests companies may actually be hiring in 2026. This jobs report made Maria Bartiromo say, “Wow.”

Fortune

Trump’s economy is the ‘least conservative’ in a lifetime, top economist warns. ‘Our kids will feel it in a set of lost opportunities’

The University of Michigan’s Justin Wolfers sees Trump’s economy set to derail growth for a whole generation.

Fortune

White House says it's 'reviewing protocols' after Trump seemingly broke the law by disclosing jobs data early

The White House claims "there was an inadvertent public disclosure" but it says the media shouldn't be "grasping at straws to foment another fake controversy."

Fortune

Trump's $12 Billion Aid For Farmers An 'Admission' That President's Policies Have Hurt Americans, Says This Economist

President Donald Trump’s $12 billion financial aid package for U.S. farmers who are currently reeling from the fallout of his administration’s trade and tariff policies, alongside low market prices, is being criticized by prominent economists, analysts, and even some farmers themselves.

Benzinga

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Benzinga

Trump's 'Original Sin' On The Economy Was This, Says Economist Justin Wolfers: 'It Was An Irresponsible Claim At The Time'

Economist Justin Wolfers criticized President Donald Trump’s rhetoric on the rising prices, noting that his promises on the campaign trail were never realistic to begin with.

International Business Times UK

Trump Says There May Be No 'Income Tax to Pay' as POTUS Boasts Tariff Numbers

US President Donald Trump claimed that because of the high tariff revenues, there may not be a need to pay federal income tax.

Benzinga

Trump's Tariff Rollbacks, Housing Market Anomaly, Bitcoin's 'Mirror Image' And More: This Week In Economy

As the week wraps up, let’s take a look at some of the most significant stories that unfolded over the past few days.

Benzinga

Trump Tariff Policy Is A 'List Of Lies And Exaggerations,' Says This Economist And They Reveal More Than A 'Wonky List Of Truths'

Economist Justin Wolfers pushed back against President Donald Trump’s recent tariff claims, criticizing them for being misleading.

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Benzinga

Fed Governor Stephen Miran Reportedly Says He Won't 'Inflict Real Harm' On The Economy Just To Prove A Point — Pushes For A Rate Cut

Federal Reserve Governor Stephen Miran signaled his willingness to support the Fed’s decisions if it pursues another interest rate cut, instead of issuing another symbolic dissent as he has in the past.

Benzinga

Top Economist Says Trump's Tariff Rollbacks Are A 'Remarkable Admission' That His Policies Raised Prices

President Donald Trump's recent decision to roll back specific tariffs to combat soaring consumer costs constitutes a “remarkable admission” that his signature trade policies have directly fueled inflation, argues prominent economist Justin Wolfers.

Benzinga

DOGE Disbands 8 Months Before Expiration Date: 'Office Doesn't Exist,' Says Trump's OPM Director

The Department of Government Efficiency, originally an Elon Musk-backed effort to shrink the federal government, has disbanded with about eight months left on its charter, ending an initiative billed as a flagship of President Donald Trump's cost-cutting agenda.

Benzinga

Top Economist Warns September Jobs Report Is Warning To 'Cut Back On The Economic Junk Food'

Despite a September jobs report that saw the U.S. economy add 119,000 positions—more than double the expectations of forecasters—top economist Justin Wolfers is urging caution, warning that rising unemployment signals it is time for the country to “cut back on the economic junk food.”

Benzinga

Top Economist Warns Trump Tariffs Effectively Impose Tax Rate On Low-Income Households That Is Triple Of High-Income Ones

A new analysis from Yale's Budget Lab shows that the sweeping tariffs imposed by President Donald Trump in 2025 act as a highly regressive tax, hitting America's poorest households more than three times harder than the richest.

Benzinga

Top Economist Warns White-Collar Workers Are Facing Their 'Detroit Auto Worker' Moment As AI Begins Replacing Cognitive Jobs

Economist Justin Wolfers has issued a stark warning that white-collar professionals are now facing their “Detroit auto worker” moment due to the rise of artificial intelligence (AI).

Benzinga

Kevin O'Leary Says 'You'll Never Actually Own The House' With Trump's 50-Year Mortgage Plan: Shark Explains Why Its Bad Policy

Investor Kevin O’Leary is pushing back against President Donald Trump’s plans for a 50-year mortgage, warning that it would deepen the country's housing affordability crisis rather than solve it.

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