Tariffs are always bad economics. But regardless of how dumb you may think President Trump is, he can’t believe this is about economics. This is a different motivation.
First, these tariffs are too tiny and too unenforceable. We’ve basically announced 10% to 25% tariffs on $150 billion of goods — totaling less than $40 billion. China reciprocates. Maximum $40 billion more. Pundits panic. Markets wiggle wildly.
But you should look past this smoke.
Read more at USA Today