Tariffs and Tax Cuts My Comment: Meanwhile the market's "Trump euphoria" continues unabated. At some point markets will have to reckon with reality. Also, if growth slows, resulting in further loss of government revenues, it will increase the deficits and make the DOGE plans more difficult. Cutting $2Trillion in government spending in six months, if it's posibble, would be a shock to the economy.
JPMorgan’s Kelly Says Trump Tariffs to Hit Growth, Fan Inflation