Trump and Musk could evade public opinion and popular outrage for a while, but the markets have brought them to heel.
tariffs
Posted inEconomic Policy
The Permanent Tariff Damage
Trump tries to walk back his tariffs after supply chain collapse and threats of empty store shelves. But reversing course entirely may not be possible.
Posted inTAP
Trump Blinks
Today on TAP: The president has backed off his latest threats to fire Fed Chair Jay Powell and is now talking of a grand bargain with China.
Posted inWorking in America
A World Beyond Tariffs
The United Auto Workers weren’t always in favor of tariffs; they earlier supported cross-border coordination to support better jobs and a peaceful future.
Posted inEconomic Policy
How the Trump Tariffs Assist Monopoly
Imposing market power on suppliers or seeking special exemptions from the president are not avenues available to small businesses.
Posted inTAP
Tariffs, Pundits, and Democrats
Today on TAP: The Democrats are an easier target than Trump.
Posted inLaw and Justice
Will Trump Obey the Supreme Court?
The case of the man mistakenly deported to an El Salvador prison now urgently poses that question.
Posted inEconomic Policy
How the Euro Can Replace the Dollar
Europe has a potential golden opportunity to claim the global reserve currency and get a free military rearmament to boot.
Posted inVideos
The Prospect Weekly Roundup: The Oncoming Trump Slump
On our live show, Ryan Cooper and Samantha Hancox-Li discuss how Donald Trump’s madcap crusade is causing chaos in global markets, and why so many liberal institutions are capitulating to him.
Posted inTAP
Could Jay Powell Restrain Trump?
Today on TAP: Trump’s destructive tariff policies could well require emergency Fed intervention that Powell doesn’t want. Will the Fed chair have the nerve to challenge Trump?