Finance & economics | Will he? Won’t he?

Trump’s tariff pain: the growing evidence

As “liberation day” nears, American businesses suffer 

A $100 bill with 'MAKE AMERICA GREAT AGAIN' cut out of it, placed on a red background with letter fragments scattered below
Illustration: Ricardo Tomás
|WASHINGTON, DC|7 min read

AMERICA’S ECONOMY is looking peaky. Inflation expectations are creeping up; consumer confidence is weakening. But Donald Trump, the country’s president, says relief is at hand. “Liberation day” for the economy will arrive on April 2nd, he proclaims, when he intends to slap new tariffs on imports from all over the world.

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This article appeared in the Finance & economics section of the print edition under the headline “Will he, won’t he?”

From the March 29th 2025 edition

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