The World Knows Trump Is Erratic and Weak

Paul Krugman: “Anyone sounding the all-clear on tariffs, or Trump economic policy in general, should be kept away from sharp objects and banned from operating heavy machinery. We’re in a hardly better place than we were before Donald Trump announced a tariff pause (in a Truth Social post, of course.) In fact, we may be in a worse place.”

Here’s why:

1. Even the post-pause tariff rates represent a huge protectionist shock.
2. Destructive uncertainty about future policy has increased.
3. We’re still at risk of a major financial crisis.
4. The world now knows that Trump is weak as well as erratic.