Leading economists reacted with alarm after President Donald Trump announced sweeping new tariffs on U.S. trading partners, with some projecting potential economic losses of up to $20 trillion.
What Happened: “Monstrously destructive, incoherent, ill-informed tariffs based on fabrications,” economist Justin Wolfers wrote Wednesday on X, calling the move “bigger than Smoot-Hawley” and warning it would “hurt working Americans more than anyone else.”
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2025