Shumita Basu
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But Flatley told us it's difficult to know if the threats, delays, and reversals are part of Trump's strategy and an indicator that it's working as intended because he's getting some concessions from foreign leaders, or if these walkbacks signal that his plans are flawed.
In Trump's first term, he did not issue tariffs as widely as he has in this term. But those tariffs didn't result in the promised increase in American factory jobs or heightened inflation that those for and against the tariffs had forecasted. This time, the president has said he believes being more aggressive with tariffs could lead to bigger economic impact.
In Trump's first term, he did not issue tariffs as widely as he has in this term. But those tariffs didn't result in the promised increase in American factory jobs or heightened inflation that those for and against the tariffs had forecasted. This time, the president has said he believes being more aggressive with tariffs could lead to bigger economic impact.
In Trump's first term, he did not issue tariffs as widely as he has in this term. But those tariffs didn't result in the promised increase in American factory jobs or heightened inflation that those for and against the tariffs had forecasted. This time, the president has said he believes being more aggressive with tariffs could lead to bigger economic impact.
He also didn't rule out the possibility of a recession in a recent interview with Fox News.
He also didn't rule out the possibility of a recession in a recent interview with Fox News.
He also didn't rule out the possibility of a recession in a recent interview with Fox News.
Trump has claimed credit for the market in more bullish times, but he says right now he's not paying attention to how the stock market reacts to tariffs to consider adjustments to his policy. However, Flatley told us the Treasury and Commerce Secretaries certainly are watching the markets. They say Americans just have to be patient during this period.
Trump has claimed credit for the market in more bullish times, but he says right now he's not paying attention to how the stock market reacts to tariffs to consider adjustments to his policy. However, Flatley told us the Treasury and Commerce Secretaries certainly are watching the markets. They say Americans just have to be patient during this period.
Trump has claimed credit for the market in more bullish times, but he says right now he's not paying attention to how the stock market reacts to tariffs to consider adjustments to his policy. However, Flatley told us the Treasury and Commerce Secretaries certainly are watching the markets. They say Americans just have to be patient during this period.
However, economists by and large do not agree with the president's approach to tariffs. They've warned shoring up American manufacturing could take a long time, and the risk of tariffs could scare off companies that are considering making long-term investments in the U.S. Ultimately, Flatley says, Trump's tariff strategy appears to be a big gamble.
However, economists by and large do not agree with the president's approach to tariffs. They've warned shoring up American manufacturing could take a long time, and the risk of tariffs could scare off companies that are considering making long-term investments in the U.S. Ultimately, Flatley says, Trump's tariff strategy appears to be a big gamble.
However, economists by and large do not agree with the president's approach to tariffs. They've warned shoring up American manufacturing could take a long time, and the risk of tariffs could scare off companies that are considering making long-term investments in the U.S. Ultimately, Flatley says, Trump's tariff strategy appears to be a big gamble.
Let's turn now to education news. Yesterday evening, the Department of Education said it will cut its workforce nearly in half this month as President Trump works to eliminate the agency altogether.
Let's turn now to education news. Yesterday evening, the Department of Education said it will cut its workforce nearly in half this month as President Trump works to eliminate the agency altogether.
Let's turn now to education news. Yesterday evening, the Department of Education said it will cut its workforce nearly in half this month as President Trump works to eliminate the agency altogether.
Meanwhile, the DOE's Office of Civil Rights on Monday sent letters to 60 colleges and universities telling them that they're under investigation or being monitored for alleged violations relating to, quote, anti-Semitic harassment and discrimination.
Meanwhile, the DOE's Office of Civil Rights on Monday sent letters to 60 colleges and universities telling them that they're under investigation or being monitored for alleged violations relating to, quote, anti-Semitic harassment and discrimination.
Meanwhile, the DOE's Office of Civil Rights on Monday sent letters to 60 colleges and universities telling them that they're under investigation or being monitored for alleged violations relating to, quote, anti-Semitic harassment and discrimination.
And the letters warned further action would be taken if schools do not fulfill their obligations under Title VI of the Civil Rights Act to protect Jewish students on campus. The schools that received this letter include a mix of large, small, public, and private institutions nationwide.