Josh Barro

Maybe that sort of thing will work, but it's going to be a real challenge for the next Democratic administration or even for a subsequent Republican administration that wants to get more integrated into the world system, the damage to our credibility that Trump is doing right now.

Maybe that sort of thing will work, but it's going to be a real challenge for the next Democratic administration or even for a subsequent Republican administration that wants to get more integrated into the world system, the damage to our credibility that Trump is doing right now.

The president could veto it, though. You would need two-thirds in both houses. Your broader point that Republicans, if they wanted to stop the president, they could, but you'd need a lot more than four of them.

The president could veto it, though. You would need two-thirds in both houses. Your broader point that Republicans, if they wanted to stop the president, they could, but you'd need a lot more than four of them.

The president could veto it, though. You would need two-thirds in both houses. Your broader point that Republicans, if they wanted to stop the president, they could, but you'd need a lot more than four of them.

Well, I think that this is all going to be quite politically damaging for the Trump administration. We're already seeing, you know, I think some people are looking at the polls about the president and sort of like being like, how are they not shifting faster? But they're shifting quite quickly.

Well, I think that this is all going to be quite politically damaging for the Trump administration. We're already seeing, you know, I think some people are looking at the polls about the president and sort of like being like, how are they not shifting faster? But they're shifting quite quickly.

Well, I think that this is all going to be quite politically damaging for the Trump administration. We're already seeing, you know, I think some people are looking at the polls about the president and sort of like being like, how are they not shifting faster? But they're shifting quite quickly.

I mean, the president's approval ratings in just, you know, the last couple of weeks have posted a material deterioration. And that's when with only the financial market effects of the tariffs, we haven't even really started feeling the real economy effects. I mean, you're going to have all sorts of products that are just getting vastly more expensive. as the tariffs roll into force.

I mean, the president's approval ratings in just, you know, the last couple of weeks have posted a material deterioration. And that's when with only the financial market effects of the tariffs, we haven't even really started feeling the real economy effects. I mean, you're going to have all sorts of products that are just getting vastly more expensive. as the tariffs roll into force.

I mean, the president's approval ratings in just, you know, the last couple of weeks have posted a material deterioration. And that's when with only the financial market effects of the tariffs, we haven't even really started feeling the real economy effects. I mean, you're going to have all sorts of products that are just getting vastly more expensive. as the tariffs roll into force.

And that's what's being forecasted in the financial markets, that the real economy is going to face a lot of problems. And you're already seeing people reacting strongly to the fact that stocks are falling. The rise in interest rates, I don't think most people are paying attention to the bond market yet, but that's going to flow through into mortgage rates.

And that's what's being forecasted in the financial markets, that the real economy is going to face a lot of problems. And you're already seeing people reacting strongly to the fact that stocks are falling. The rise in interest rates, I don't think most people are paying attention to the bond market yet, but that's going to flow through into mortgage rates.

And that's what's being forecasted in the financial markets, that the real economy is going to face a lot of problems. And you're already seeing people reacting strongly to the fact that stocks are falling. The rise in interest rates, I don't think most people are paying attention to the bond market yet, but that's going to flow through into mortgage rates.

It's going to flow through into credit card rates. And I don't think we need to assume that it's going to stop at sort of the 4.3, 4.4 on the 10-year Treasury bond that we're at right now.

It's going to flow through into credit card rates. And I don't think we need to assume that it's going to stop at sort of the 4.3, 4.4 on the 10-year Treasury bond that we're at right now.

It's going to flow through into credit card rates. And I don't think we need to assume that it's going to stop at sort of the 4.3, 4.4 on the 10-year Treasury bond that we're at right now.

So I think that if the Trump administration really goes through with a significant increase in the tariff policy and also continues with this absolute uncertainty where it changes from day to day what the tariffs are going to be, I think you're going to have fairly quickly quite damaging effects in the U.S. economy. The president's numbers are going to get worse and worse.

So I think that if the Trump administration really goes through with a significant increase in the tariff policy and also continues with this absolute uncertainty where it changes from day to day what the tariffs are going to be, I think you're going to have fairly quickly quite damaging effects in the U.S. economy. The president's numbers are going to get worse and worse.

So I think that if the Trump administration really goes through with a significant increase in the tariff policy and also continues with this absolute uncertainty where it changes from day to day what the tariffs are going to be, I think you're going to have fairly quickly quite damaging effects in the U.S. economy. The president's numbers are going to get worse and worse.