Economist warns Trump plan for reciprocal tariffs on U.S. trading partners could backfire: ‘A fundamental misunderstanding of how the global economy works’ 

Wells Fargo analysts said in a Thursday report that the tariffs would likely hurt growth this year, just as the possibility of extended and expanded tax cuts could help growth recover in 2026.

Feb 14, 2025 - 13:19
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Economist warns Trump plan for reciprocal tariffs on U.S. trading partners could backfire: ‘A fundamental misunderstanding of how the global economy works’ 
Wells Fargo analysts said in a Thursday report that the tariffs would likely hurt growth this year, just as the possibility of extended and expanded tax cuts could help growth recover in 2026. Read More