Trump’s Limbo Economy

“As President Donald Trump’s tariffs and his tax-and-spending bill change by the hour, his party is getting accustomed to a new reality: No one knows what’s going on with the economy,” Semafor reports.

“Record-high uncertainty stemming from his administration’s on-again-off-again trade talks and unpredictable tariff strategy has deterred the Federal Reserve from cutting interest rates and made it harder for businesses to plan around imports and borrowing costs. Those same businesses have had to simultaneously struggle with negotiations over Republicans’ megabill that are full of optimism — but short on clarity.”