Analyst: There are fundamental contradictions in Trump's tariff plan

Golden Finance reports, market analyst Allison Morrow stated that for Trump, who promised to lower consumer prices on the first day of his campaign, his first major economic move is a set of policies that are almost guaranteed to have the opposite effect. Tariffs will raise prices, suppress economic growth, and make it more likely for America to fall into recession. Those criticizing tariffs worry about the fundamental contradiction in Trump's plan; he sees tariffs as a panacea that can restore American manufacturing strength, rebalance trade and bring in large amounts of money to help America repay its deficit and alleviate Americans' tax burden. Although tariffs can achieve some of these goals, they cannot accomplish all at once.