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Trump says the economy is in 'transition.' What comes next?

The president says we're in a transition period and tariffs will remake the economy for the better. Economist Matthew Slaughter tells NPR's Ailsa Chang he thinks they're a recipe for long-term pain.

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Michael Levitt
Michael Levitt is a news assistant for All Things Considered who is based in Atlanta, Georgia. He graduated from UCLA with a B.A. in Political Science. Before coming to NPR, Levitt worked in the solar energy industry and for the National Endowment for Democracy in Washington, D.C. He has also travelled extensively in the Middle East and speaks Arabic.
Ailsa Chang is an award-winning journalist who hosts All Things Considered along with Ari Shapiro, Audie Cornish, and Mary Louise Kelly. She landed in public radio after practicing law for a few years.