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President Donald Trump’s recent decision to roll back specific tariffs<\/a> to combat soaring consumer costs constitutes a \u201cremarkable admission\u201d that his signature trade policies have directly fueled inflation, argues prominent economist Justin Wolfers.<\/p>\n Wolfers, a University of Michigan professor and Brookings Institution Senior Fellow, contends the administration\u2019s selective tariff cuts reveal they privately understand basic economic principles<\/a>, even while publicly downplaying the severity of inflation.<\/p>\n In an analysis highlighted on X, Wolfers noted the inherent contradiction of an administration that heavily promoted tariffs, now cutting them to provide price relief.<\/p>\n \u201cIf they\u2019re rolling back some of the tariffs, that\u2019s a sign that they understand the tariffs are not helpful,\u201d Wolfers stated in an accompanying video interview.<\/p>\n Don\u2019t Miss: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it<\/a>?<\/p>\n He characterized the sudden policy shift as a \u201cremarkable admission\u201d that the President has finally learned what undergraduate students learn in \u201cEcon 101, which is, tariffs raise prices.\u201d<\/p>\n Wolfers posed a critical question regarding the administration\u2019s logic: If cutting a few highly visible tariffs helps affordability, what do they believe the massive amount of tariffs remaining in place is currently doing to consumer prices?<\/p>\n This economic critique comes against the backdrop of a worsening \u201caffordability crisis<\/a>\u201d in November 2025.<\/p>\n Facing intense pressure over high grocery bills and polls showing voters blame him for the economy, President Trump recently issued executive orders eliminating tariffs on certain Brazilian exports and lowering duties on agricultural imports like beef, coffee, and tomatoes. \u2013<\/p>\n See Also: Fast Company Calls It a \u2018Groundbreaking Step for the Creator Economy’ \u2014 Investors Can Still Get In at $0.85\/Share<\/a><\/p>\n While intended to ease immediate consumer pain, these emergency rollbacks come at a high long-term fiscal cost.<\/p>\n Story Continues <\/p>\n According to new projections released by the Congressional Budget Office<\/a> (CBO), these recent tariff reductions have erased nearly $800 billion in anticipated national debt reduction over the next decade, significantly altering the administration\u2019s budget outlook.<\/p>\n Wolfers further argued that Trump’s economic approach has shifted away from broad free-market principles<\/a> toward a system relying on granting access and favors to \u201cbig behemoths\u201d\u2014referencing Trump calling Apple Inc.\u2018s (NASDAQ:<\/a>AAPL<\/a>) CEO Tim Cook \u201cTim Apple\u201d\u2014which disadvantages smaller, innovative competitors who lack direct lines to the White House.<\/p>\n On Wednesday, the futures of the S&P 500, Nasdaq 100, and Dow Jones indices were trading higher after a positive close on Tuesday.<\/p>\n The SPDR S&P 500 ETF Trust (NYSE:<\/a>SPY<\/a>) and Invesco QQQ Trust ETF (NASDAQ:<\/a>QQQ<\/a>), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Wednesday. The SPY was up 0.29% at $677.01, while the QQQ advanced 0.36% to $611.10, according to Benzinga Pro<\/a> data.<\/p>\n Image via Shutterstock<\/p>\n Trending Now:<\/p>\n Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, professional financial guidance, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry.<\/p>\n Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100<\/a>. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly.<\/p>\n For those seeking fixed-income style returns without Wall Street complexity, Worthy Property Bonds offers SEC-qualified, interest-bearing bonds starting at just $10<\/a>. Investors earn a fixed 7% annual return, with funds deployed to small U.S. businesses. The bonds are fully liquid, meaning you can cash out anytime, making them attractive for conservative investors looking for steady, passive income.<\/p>\n Self-directed investors looking to take greater control of their retirement savings may consider IRA Financial. The platform enables you to use a self-directed IRA or Solo 401(k) to invest in alternative assets such as real estate, private equity, or even crypto<\/a>. This flexibility empowers retirement savers to go beyond traditional stocks and bonds, building diversified portfolios that align with their long-term wealth strategies.<\/p>\n Moomoo isn’t just for trading \u2014 it’s also one of the most attractive places to park cash. New users can earn a promotional 8.1% APY on uninvested cash<\/a>, combining a 3.85% base rate with a 4.25% booster once activated. On top of that, eligible new users can also score up to $1,000 in free Nvidia stock\u2014but the real draw here is the ability to earn bank-beating interest rates without having to move into riskier assets.<\/p>\n For investors concerned about inflation or seeking portfolio protection, American Hartford Gold provides a simple way to buy and hold physical gold and silver within an IRA or direct delivery<\/a>. With a minimum investment of $10,000, the platform caters to those looking to preserve wealth through precious metals while maintaining the option to diversify retirement accounts. It’s a favored choice for conservative investors who want tangible assets that historically hold value during uncertain markets. This article Top Economist Says Trump’s Tariff Rollbacks ‘Remarkable Admission’ That His Policies Raised Prices<\/a> originally appeared on Benzinga.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. 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