Wow. Every economist, eh? I challenge them to name just one who isn't on their payroll.
These economists certainly don't agree "we will be rich beyond our wildest dreams"
https://nymag.com/intelligencer/article/trump-tariffs-effects-economy-recession-expert-predictions.html
What Economic Experts Are Predicting About Trump’s Tariffs
Goldman Sachs says there is now a 35 percent chance of recession (up from 20% previously)
S&P Global forecasts growth slowdown (“The risks to our baseline are firmly on the downside)
CNBC survey of economists indicates economic growth has hit a new post-COVID low (A CNBC survey that averages forecasts from more than a dozen economists indicates that “policy uncertainty and sweeping new tariffs from the Trump administration are combining to create a stagflationary outlook for the U.S. economy”)
J.P. Morgan has lowered its GDP estimate too ( The firm is now predicting 1.6 percent GDP growth for the year, which is a 0.3 percent decrease from its past estimates)
Mark Zandi at Moody’s Analytics says Trump is providing “fodder for an economic downturn” (raising his odds for a recession to 40 percent from 15 percent at the beginning of 2025)
Yale’s Budget Lab says auto tariffs will raise new-car prices by an average of $6,400
Wedbush analyst Dan Ives says tariffs “would send the auto industry into pure chaos”
Trump-honored economist Arthur Laffer says auto tariffs could do “irreparable damage” if the United States–Mexico–Canada Agreement is abandoned
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