Anthony Scaramucci, former White House communications director, has expressed concern that President Donald Trump‘s tariff policies may push the U.S. into a recession.
What Happened: Scaramucci, who is also the founder of SkyBridge Capital, in an interview with Yahoo Business, criticized the tariff policies of President Trump. He described these policies as harmful and potentially capable of inducing a recession.
Scaramucci compared tariffs to a consumption tax, similar to a value-added tax (VAT), and stated that they disproportionately affect lower-income individuals. “So what ends up happening is the poor people, it eats up more of their disposable income than any other income group,” he commented.
While he suggested that some trade agreements …
