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It’s been 100 days since Donald Trump was sworn in as US President.
His campaign was filled with promises of dramatic change, and he’s certainly followed through, with a record-breaking number of orders filed in the first three months.
The most dramatic of which is his sweeping global tariffs.
Quest Means Business host Richard Quest told Mike Hosking it goes against the orthodoxy of economics that has always been taught – that tariffs can be a benefit if targeted and used for a specific purpose.
He says using widespread tariffs to reshape global trading structures has not been done before, but it’s something Trump has always wanted to do.
Quest believes with the tariff headwinds pushing against the global economy, major economies are facing recessions, and the slowdown in economic growth will feel pretty awful for people as the year continues.
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