When the president of the United States is musing about little girls having to make do with fewer dolls, it’s not a reassuring signal about the direction of US economic policy. A 30% tariff on China, plus the other tariffs that are in play around the globe, mean we still have lurched into the highest US tariff regime since the 1930s. We could have gotten an outline of a trade deal with the Brits by working with them behind closed doors, and we could have gotten a 30% tariff on China by imposing one at the outset.
Author: Rich Lowry
Published at: 2025-05-12 22:58:33
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