President Donald Trump has to finalize all the tariff deals with various countries so that the international trade system gains stability and provides the framework for an economic upturn, economist Peter Morici told Newsmax on Tuesday.
Morici, who is an emeritus business professor at the University of Maryland, told “Wake Up America” that growth had actually slowed down in the first half of 2025. He said that growth was only 1.5%-1.6%, which is well below the average growth of the past eight years in the United States.
Morici admitted that “the tariffs have created a lot of uncertainty. We don’t know where they are going to settle, so businesses don’t know what they can price at, because they don’t know what their import competition is going to be or what they might pay for imported components and things like that.”
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