I'm not going to pull any punches here, and I have to tell you I'm a bit of a worrywart about things that are related to the economy of the United States. Joe Biden, in his failed economic policies for four long years, was akin to a drunkard stumbling around like a Roomba trying to find some dust to suck up with no luck.
Now that we have Donald Trump in office, I do recall the economy thriving in his first term, yet the threat of tariffs, not just on Mexico and Canada but the whole wide world, has me on edge a bit.
Now, by a bit, I mean a whole hell of a lot.
As you can see in my previous postings here at RedState, I get itchy about this stuff...
READ MORE: Opinion: Canadian Prime Minister Carney Responds to American Tariffs From Trump, and So It Begins
Prime Minister Carney is allegedly meeting with Canadian ministers today to discuss this, but did offer a brief response to the president's announcement yesterday at the White House HERE:
Canada will be exempt from the sweeping reciprocal tariffs U.S. President Donald Trump is implementing on most other countries, though 25 per cent tariffs on some Canadian goods remain in place, and 25 per cent tariffs on all foreign-made automobiles are coming into effect as of midnight.
Prime Minister Mark Carney — who put his election campaign on pause to meet with his Canada-U.S. Relations Council and cabinet to craft a response to the tariffs — told reporters on Parliament Hill the federal government will “act with purpose and with force” during this crisis.
Trump laid out the details of his long-anticipated reciprocal-tariff regime in the White House Rose Garden on Tuesday afternoon.
So, I read posts about the economy and the dips in the stock market with healthy amounts of trepidation, and when I come across an article that seems to have a glimmer of hope, I jump all over it and cross my fingers.
Thus, when I came across this article from the hometown paper, the Detroit News, I was thrilled. Momentarily.
An economist with the University of Michigan says he believes there's still a path to U.S. economic growth in 2025, even as risks of recession rise from tariffs.
The new import taxes imposed by President Donald Trump have contributed to declines in consumer sentiment indexes and fears that the United States' economy could shrink. But Gabriel Ehrlich, director of the Ann Arbor university's Research Seminar in Quantitative Economics that produces U.S. and Michigan economic forecasts, says underlying metrics have held up, particularly in the labor market.
I'm one of those people watching anxiously, wondering if import taxes are super duper bad and will sink the economy.
"The economic uncertainty confronting the business community, nonprofit organizations and government leaders is a headwind to growth," Ehrlich said Thursday at Washtenaw Community College. "I continue to believe that there's a path to the economy to keep growing this year, but I do acknowledge that the risk of a recession has risen."
Awww crap, I'm sunk.
These are all "warning signs," Ehrlich said, but they're not a flashing alarm: "The economy came into 2025, and there's a lot of momentum."
Hooray. I'm saved, lol.
RELATED: Trump Responds After WSJ Reports He's Considering Slashing Tariffs on Chinese Imports
That President Trump has put a 90-day pause on his original tariff plan and is moving forward with negotiating with all the countries that charge tariffs higher for American products than we do for their products coming here is a welcome sign, and I will take that all day long.
In addition to what Elon Musk and the folks over at DOGE are doing to reduce government waste and fraud, we have a unique opportunity in American history to actually start to roll back some of the nonsense that our government has inflicted upon us over the past 40 to 50 years.
Growing the economy and trying to make sure we do not fall back into a recession, and also continuing to work on getting interest rates lower, are critical to the United States once again, standing tall on the world stage.
Some believe that Donald Trump was spared in that awful assassination attempt last year, where a bullet hit his ear, and that he is here for this very purpose to serve this time as president in American history. So I also want him to be successful in every step he makes to help move the country forward and hand it off in better shape to the next generation.
So any good news in that regard, I will cling to like a life preserver in the economic ocean of uncertainty.
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