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President Donald Trump at a Cabinet meeting at the White House on April 10.Brendan Smialowski / AFP via Getty Images file

Trump's economy at 100 days: Unprecedented uncertainty reigns​

By Rob Wile

Voters returned Donald Trump to the White House in November believing he would be better for the economy than his opponent, Democratic Vice President Kamala Harris.

Yet 100 days into Trump’s second presidential term, voters now face an economic landscape rife with uncertainty.

Among its attributes: recession odds of as high as 60%, inflation rates that have barely budged and a stock market that, until recently, was beset by volatility.

At issue is Trump’s tariffs strategy.

Though he said throughout his campaign that he planned to impose tariffs on goods brought into the United States, consumers and businesses alike have reacted with shock at what Trump has implemented and the speed with which he has done it: a 10%-across-the-board tariff, 25% duties on autos and auto parts and steel and aluminum products, and duties of as high as 145% on goods from China, the third-largest source of imports into the United States behind the European Union and Mexico.

“A lot of economic policy has been made in these first 100 days — more than any other administration I can think of,” said Mark Zandi, chief economist at Moody’s Analytics. ...

READ THE FULL STORY - AP

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