Analysts: There are fundamental contradictions in Trump's tariff plan

Allison Morrow, a market analyst, said that for Trump, who promised to lower consumer prices on the first day of the campaign, his first major economic move was a set of policies that were all but guaranteed to do the opposite. Tariffs raise prices, dampen economic growth and make the United States more likely to fall into recession. Critics of tariffs worry about the fundamental contradiction in Trump's plan, which he sees as a one-size-fits-all economic tool that can restore America's manufacturing strength, restore the trade balance and bring in a lot of money to help pay off the deficit and reduce Americans' tax burden. While tariffs can do some of that, they cannot achieve all of those goals at once.