The New York Times
July 31, 2025
HKS Authors
See citation below for complete author information.
Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government
Aetna Professor of the Practice of Economic Policy
Abstract
Way back in April, when President Trump unveiled his plans for steep tariffs against the United States’ trading partners, some Democrats were publicly gleeful about what they thought was the beginning of a Trump recession. Some of his supporters were privately worried about the same thing.
Citation
Furman, Jason. "The Tariffs Kicked In. The Sky Didn’t Fall. Were the Economists Wrong?" The New York Times. July 31, 2025.