Were we wrong about Trump's tariffs?

The Economist October 17, 2025
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Despite stark warnings from The Economist when Donald Trump unveiled his tariff regime on ‘Liberation Day’, America’s economy continues to grow. Will that continue? Zanny Minton Beddoes, our editor-in-chief, Edward Carr, deputy editor and a panel of our journalists discuss whether they were wrong about the President’s trade policy–or if a reckoning awaits. Subscribers can watch the full interview as part of our new video series “The Economist Insider”. Watch the full interview: https://econ.st/3LgNkF9 Donald Trump’s fortress economy is starting to hurt America: https://econ.st/47bYe6n Why Donald Trump’s tariffs are failing to break global trade: https://econ.st/42MRryS The stock market is fuelling America’s economy: https://econ.st/4hm1dOC Sign up to the Insider newsletter: https://econ.st/4nOyzIb 00:00 - The Economist’s prediction in review 00:44 - The actual impact of Donald Trump’s tariffs 02:12 - Who’s bearing the cost of Donald Trump’s tariffs? 05:00 - The medium- and long-term impact of the policy 08:23 - Can the damage be undone?

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