Trump is knowingly steering the economy off the cliff with tariffs

During the weekend, Donald Trump’s reassurance of a more generous approach to customs tariffs was reflected again, apparently returned to the tariff 20 % of Draconien. The imminent “liberation day” announcement in the West Roses Park of the global customs tariff for everything comes to the United States from everyone-with a 10 % decrease driven by Trump in the stock market during the past month-it is just an example of how to direct the disturbing tariff attacks directly off the slope. Looking at the choir of consensus close to business and economists, one must wonder what stimulates the destroyed Trump decrees. Trump also admitted himself this week on NBC, “I couldn’t care less if the prices of cars rose!”

The problem is not definitions – the problem is Donald Trump, clear and simple. According to the results of the SUCUS CEO CEO survey, 90 % of the chief executives actually support the customs tariff, when used strategically and choosing. Business leaders support the use of selective customs tariffs to correct real commercial imbalances and restrict foreign dumping in the United States, undermining American producers in sectors such as steel.

But it seems that these goals are worthwhile often being subjected to Trump’s revenge, such as punishing the long enemy Justin Trudeau; More importantly, Trump’s offer from Trump’s inherited tariff made it impossible for companies to invest at all, which hinders Trump’s declared goal of re -investing and jobs to the United States

Indeed, there is a confusing group of 12,500 tariffs across 200 commercial partners. We have delivered Trump’s introductory statements over the past two months and we have found at least 107 ideas of contradictory fluctuations to the customs tariff policy, and they are often with repercussions on the same day. This does not even explain even contradictory directives of Trump’s deputies, which are then vetoed by Trump himself.

Companies need the ability to predict and stability. No company can delegate billions of capital spending to build new factories or employ new workers when commercial policy changes not day after day, not around the clock, but in some cases, a minute minute. During the executive assembly of Yale this month, executive managers used to read every time Eamon Javers of CNBC read a new reflection of the customs tariff policy, with seven tiles on our three -hour event.

Trump defenders argue that this is all part of the “art of the deal” – so that the parties to the opposite parties in the face are so severe that they got out of the balance and all begged a deal. But the truth is that Trump gets Snowkro in these deals, as companies re -fill out existing spending and pre -planned steps on “ads” of “new investments” in the United States, which are a crust of the Politz and investment, where new evidence has been abandoned, such as. “A billion electronics plants in Wisconsin turns into deserted shades and volatile plants. At the same time, leaders and companies offer. Foreigners are symbolic concessions with a few real benefits of the United States, while they are competing to evade the customs tariff by redirect supply chains through neutral countries, rudeness and challenge Trump while pushing the lip service to his whims.

These executives, like anyone else, look at extensive data indicating the extensive chaos caused by tariff attacks. Not only did the failed tariff attacks in Trump helped, its value has helped about $ 7 trillion in the stock market since its opening – for example to finance the government for a full year – but the costs are felt in the real economy. Away from the re -manufacturing and jobs to the United States, Trump kills American manufacturing, harms American workers, and the entire American economy falls. The inflation forecast jumped to the highest levels over 32 years; Consumer confidence decreased by 25 % in all investigative studies of the University of Michigan and the Conference Council with a decrease in consumer spending in five years; Small business confidence has decreased by 50 %; The labor market is deteriorating with the decrease in the number of new layoffs over the past three months; He assumed spending and investments in the capital. GDP growth forecast has decreased by 1 %-a reflection of economic wealth as if it were the initial euphoria of Trump pledges to tax cuts and the abolition of restrictions in the Frankstein monster of all tariffs, all the time.

Of course, many business leaders wonder what stimulates Trump’s destructive tariff attacks. On the one hand, Trump’s obsession has been the definitions since at least the 1980s; He has a long time, he looked somewhat in the American trade balance as if he was still running Trump, which is trying to sell more than you buy every year. But the enormous chaos that can be avoided, deliberate to arrange the Trump tariff, and its willingness to ignore the withdrawals of the important securities market, indicates that there may be other illustrations. Some executives have suggested separately that Trump may try to stimulate the recession early in his term “to clarify the deck” long before the young renewal elections-although this assumes a greater facilitation of the long-term strategic insight, which is usually associated with Trump. Most likely, Trump may not have any plan and only develops matters, with arbitrary, arbitrary, unrestricted mad madness.

In Trump’s anger attacks, psychological analysts may find a strong similarity to what Sigmund Freud described as “death engine” diseases of project owners, or what psychiatrists describe as a self-destructive defense-with a child on the beach that builds and kicked a beautiful castle.

Forty -two years ago, Abraham Zeliznik, a researcher in the management of the Harvard Business College, explained that, often, entrepreneurship leaders such as Trump and Musk are eventually driven by self -destructive citizenship. Zaleznik stated, “In their ascension to the top, they have certain imaginations related to creating a new world. There is a search for compensation – to reshape the world, reshape their childhood, and to reshape a relationship with one of the parents. Many similarities.

Trump’s “Liberation Day” turned into a nightmare for American companies. The real liberation that the American economy needs is a more organized strategy of definitions, liberated from Trump’s peculiarities.

Jeffrey Sunfield is a professor of Crown Crown in administrative practice and head and founder of the Institute of Executive Leadership at Yale University. Stephen Tian is the research director at the Yale Executive Command Institute. Stephen Henryx is an older research colleague at the Yale University Command Institute and a former consultant at McKinsey and Co..

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2025-03-31 19:19:00