Last week, Trump announced two sets of tariffs: a minimum 10 percent tax on imports from all countries, and then a separate set of higher tariff rates that varied by country. Since Trump announced the tariffs, the big question has been whether they were a massive change in economic policy or a bluff aimed at getting other countries to negotiate new deals. We’re by no means back where we started: A 10 percent global tariff minimum and an economic war with China — one of our largest trading partners — will raise prices on imports and cost jobs that depend on international trade.
Author: Patrick Reis
Published at: 2025-04-09 22:43:27
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