Trump Changes His Tune on Booming Wealth

“As a presidential candidate, Donald Trump promised an economic ‘boom like no other,’” the New York Times reports.

“But eight weeks into his presidency, Mr. Trump is refusing to rule out a recession — a striking change in tone and message for a man who rode widespread economic dissatisfaction to the White House by promising to ‘make America affordable again.’”

“His comments come as the stock market is tumbling — the S&P 500 fell 2.7 percent Monday after falling 3.1 percent last week — and business leaders are spooked about the uncertainty over his tariffs. Even some Republicans, who fear retribution if they cross Mr. Trump, have started to raise concerns about his levies.”

“The moment captures a fundamental challenge for Mr. Trump, a showman who makes absolute and sweeping promises that inevitably run into the reality of governing.”