Analysts unanimously denounce Trump’s liberation day tariffs: ‘Worse than the worst case’

Q: How long will it take to read this news story?

The story "Analysts unanimously denounce Trump’s liberation day tariffs: ‘Worse than the worst case’" has 1024 words across 4 sentences, which will take approximately 5 - 9 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Analysts unanimously denounce Trump’s liberation day tariffs: ‘Worse than the worst case’" was covered 1 days ago by Fortune, a news publisher based in United States.

Q: How trustworthy is 'Fortune' news outlet?

Fortune is a fully independent (privately-owned) news outlet established in 1929 that covers mostly economy and business news. The outlet is headquartered in United States and publishes an average of 30 news stories per day. It's most recent story was published 14 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #27581580</li><li>URL: https://beamstart.com/news/analysts-unanimously-denounce-trumps-liberation-17</li></ul>

Fortune Logo Fortune 1d ago

Analysts unanimously denounce Trump’s liberation day tariffs: ‘Worse than the worst case’ - Fortune

Quick Summary:

Analysts at Wedbush Securities and Goldman Sachs as well as top economist Larry Summers predicted much economic pain ahead.

The analysts predicted a 5% increase in prices for hardware companies, but some companies with a larger reliance on hardware would take the biggest revenue hits of more than 50%, including information technology company Supermicro, broadband and software company Calix, and optical material and semiconductor manufacturer Coherent.

Finally, Summers—who headed the Treasury under President Bill Clinton—wrote that the tariff announcement was so bad, he would not have tolerated it were he in a government position.“If any administration of which I was a part had launched an economic policy so totally ungrounded in serious analysis or so dangerous and damaging, I would have resigned in protest,” he added.