Tariffs are now Trump’s solution to everything

Published On Dec 2, 2024, 3:31 PM

In a recent article, Trump has proposed a series of tariffs as a solution to various issues, primarily to penalize other countries like China and Mexico for broader problems such as the fentanyl crisis and illegal immigration. He suggests imposing tariffs up to 100% on imports from certain countries and a general baseline tariff of 10% on all imports. Economists warn that these tariffs could burden American consumers and businesses, potentially increasing costs significantly. The market seems to be largely unfazed by these threats, interpreting them as negotiation tactics rather than actionable policies.