Wharton’s Jeremy Siegel calls Trump’s tariffs the ‘biggest policy mistake in 95 years’

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"I don’t know why Trump didn’t learn the lesson of the Smoot-Hawley tariff,” he said.

Analysts unanimously denounced the taxes—Wedbush’s Dan Ives said they were “worse than the worst case scenario.” JPMorgan also raised its probability of a global recession to 60% in a note titled: “There will be Blood.

After Trump revealed an extra 34% tariff on China from the White House Rose Garden on Wednesday, China retaliated, announcing it would place a reciprocal 34% tariff on all imports from the United States.

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Article Details

Author / Journalist: Alena Botros

Category: EconomyBusiness

Markets: United StatesChina

Topics: Interest Rates Donald Trump Federal Reserve Tariffs and trade Inflation Economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-04 @ 17:03:21 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 459 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 115 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27588659

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