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Trump's advisors got tied up in knots over his tariff obsession

Mint Mumbai

|

April 14, 2025

Rarely has America seen such a spectacle of confusion over policy

- NIA-MALIKA HENDERSON is a politics and policy columnist for Bloomberg Opinion.

Trump's advisors got tied up in knots over his tariff obsession

President Donald Trump's economic team fiddled while his tariff announcements caused markets to melt down, arguing that there was a grand plan to re-order global trade for the benefit of Americans. Yet, in ignoring the anxieties of corporate leaders, members of both parties and voters, they showed themselves to be out of step and unable to lead the president down a sound path, economically and politically. His April 9 announcement of a 90-day 'pause' on most of those levies has further eroded the team's credibility.

When Trump's economic advisors were initially announced, even his critics praised his choices as mainstream figures unlikely to spook markets.

Now there is a real question of whether any are independent and secure enough to stand up to him. "This is a moment of testing for the president's advisors," former Treasury Secretary Larry Summers said. "The intellectually honest ones know that [Trump's belief in tariffs] reflects a presidential 40-year fixation, not any kind of proven economic theory."

They failed the test.

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Exide's dual bet: Can lithium-ion offset a weakening core?

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time to read

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Bank-funded acquisitions won’t displace private credit

The Reserve Bank of India's (RBI) draft framework for bank-led acquisition finance marks a decisive policy turn: Indian banks can now enter the acquisition finance market within a clear perimeter, reshaping the competitive dynamics between banks and private credit funds.

time to read

3 mins

November 20, 2025

Mint Mumbai

Afghanistan trade minister seeks India investments, goods

Afghanistan's Taliban trade minister arrived in India on Wednesday on a maiden visit to draw greater investments and goods as both countries consider ways to enhance their relations in the backdrop of souring relations with neighboring Pakistan.

time to read

1 min

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Mint Mumbai

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Fractal Analytics bets heavily on R&D in AI race before IPO

Enterprise artificial intelligence firm Fractal Analytics plans to maintain high research and development (R&D) spending ahead of its market debut for which a date has not yet been set, a top executive has said.

time to read

2 mins

November 20, 2025

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