President Donald Trump’s decision to impose punishing tariffs on the U.S.’s biggest trading partners is clouding the economic outlook as businesses consider pausing future hiring and investment.
Trump’s whipsaw approach to trade policy — which has included sweeping proclamations about universal tariffs followed by delays, exemptions and reversals — has undercut businesses’ ability to plan ahead during the early days of his administration. And while he has sworn to pursue an agenda that would...
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