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Project Syndicate economists
Monday
29
December
2025
Why haven’t Trump’s tariffs crashed the US economy?
Jeffrey Frankel
Effects on inflation and employment have not been as bad as feared – but could still materialise with full force in 2026
Why haven’t Trump’s tariffs crashed the US economy?
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Tariffs
Donald Trump
US economy
Trump tariffs
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Why haven’t Trump’s tariffs crashed the US economy?