https://www.scmp.com/rss/521512/feed Lenny Mendonca, Senior Partner Emeritus at McKinsey & Company, is a former chief economic and business adviser to Governor Gavin Newsom of California and chair of the California High-Speed Rail Authority. en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Laura Tyson,Lenny Mendonca Laura Tyson,Lenny Mendonca Less than six months into his second term, US President Donald Trump and his team have managed to inflict substantial damage on the US and global economy. From deploying often-violent Immigration and Customs Enforcement (ICE) agents against immigrants to imposing or threatening large tariffs and indiscriminately firing government staff, the administration has introduced volatility, undermining business and consumer confidence. It is worth remembering that Trump inherited a strong economy with... https://www.scmp.com/opinion/world-opinion/article/3316975/trumps-big-beautiful-spending-plan-will-only-worsen-us-economy https://www.scmp.com/opinion/world-opinion/article/3316975/trumps-big-beautiful-spending-plan-will-only-worsen-us-economy Sat, 05 Jul 2025 21:30:08 +0000