My latest blog post for Cato is co-authored with Phil Magness, and looks at Trump's latest tariff proposal. It's not good!
Trump’s Tariffs Aren’t Reciprocal and Are a Massive Tax Increase on Americans
There isn’t any good economic theory to support Trump’s reciprocal tariff plan. The formula appears to be merely a justification to put tariffs on all countries, but higher ones on countries that we import a lot from.
cato.org