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Former Official Slams Trump’s Economic Ignorance in Op-Ed

8/5/2025

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Summary

Story summary

In a scathing New York Times op-ed, former Treasury official Steven Rattner lambasted President Trump for his “economic ignorance,” particularly on tariffs. Rattner pointed out that Trump's policies have driven up prices, stunted job growth, and fueled inflation, while also exposing his misconceptions about trade deficits and interest rates, raising alarms about the risks of his economic choices.

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Story summary

In a scathing New York Times op-ed, former Treasury official Steven Rattner lambasted President Trump for his “economic ignorance,” particularly on tariffs. Rattner pointed out that Trump's policies have driven up prices, stunted job growth, and fueled inflation, while also exposing his misconceptions about trade deficits and interest rates, raising alarms about the risks of his economic choices.