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Can it really have been only 100 days since Donald Trump was inaugurated? The economic twists, turns and turbulence might make it feel like longer, but the truth is the U.S. president hit the milestone just this week. Back in January, Trump inherited an economy that was the envy of many countries. But what’s the outlook now?
These early months of the second Trump presidency could arguably be summed up in one word: tariffs. Professor Steve Schifferes of City St George’s, University of London, sets out the expectations of this policy versus the reality. And it’s not a pretty picture. The chaotic rollout of the tariffs, Schifferes argues, has shredded both business and consumer confidence.
Now, Trump could find himself caught between two very different sets of backers. Working-class voters who support tariffs because they want to see manufacturing jobs return to the U.S. might soon feel the sting of cuts to Social Security and other government programs. At the same time, backers of big business may see no issue with reducing the size of the state. They may be less forgiving though if the specter of a U.S. recession looms larger.
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Sarah Reid
Senior Business Editor
The Conversation U.K.
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Steve Schifferes, City St George's, University of London
There could be more trouble ahead for Trump if he can’t keep his supporters on board.
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Consumers
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Fabio Gygi, SOAS, University of London
The Japanese government hopes that economic growth can be rekindled through consumer-driven spending.
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Business
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Joshua M. Pearce, Western University
The problem is that costs – especially the costs to faculty – often go ignored.
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Economy
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Imraan Valodia, University of the Witwatersrand
Tax experts usually refer to the three Es in taxes – equity, efficiency and ease of administration. A VAT increase, done properly, would tick all the boxes.
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Work
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Pi-Shen Seet, Edith Cowan University; Janice Jones, Flinders University; Suku Sukunesan, Edith Cowan University
Labor’s proposal should help address some skills shortages in the sector. But it will be a long time before the benefits flow through to housing.
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Michel Anteby, Boston University
More than a century of evidence suggests that bureaucrats, at their best, stand for expertise, fairness and public service.
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