Trump, U.S. economy and Global
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With the post-pandemic surge in corporate profits, "margins have never been higher in the history of humankind,” Jeff Klingelhofer said.
Steve Rattner, an economic analyst for MSNBC’s “Morning Joe,” explained Thursday that the latest numbers from the Labor Department showed unexpected good news for Trump. He said many analysts forecasted that Trump’s tariffs would drive up inflation, but that the latest numbers suggest that has not happened yet.
President Donald Trump’s turbulent tariffs are projected to cause a sharper slowdown in economic growth in the U.S. than expected.
The economy has a lot of momentum, and so if Trump truly backs off on tariffs and just calms down, you could see this expansion going another two, three years, honestly”