Trump’s Tariff Schemes Hurt Even More When He Flip-Flops |
Official White House Photo by Shealah Craighead – Public Domain
As January bled into February, Lora Kelly notes at The Atlantic, US president Donald Trump “announced 25 percent tariffs on the country’s North American neighbors, caused a panic in the stock market, eked out minor concessions from foreign leaders, and called the whole thing off (for 30 days, at least).”
Cue collective sigh of relief, but the title of the piece — “How the Tariff Whiplash Could Haunt Pricing” — tells an even more disturbing tale.
Yes, tariffs are terrible (btw, they’re not taxes on “the country’s North American neighbors,” but on the American consumers who buy goods from those neighbors),........