Tariffs and the US economy – Michael Roberts Blog

“The US has a record high stock market, unlimited spending on AI capacity by the tech giants, along with sharply increased borrowing to pay for it; but no sign yet of any significant revenues or profits from AI – and alongside that: a slowing rest of the economy, a widening trade deficit in goods and increasing unemployment and prices.  All this as we go into the second half of 2025.”

Trump Stagflation?

---