There was understandable relief that Trump stepped back from his wide-ranging “reciprocal” tariffs, but even if they don’t come back, we are still talking about a historic increase in tariffs, and the ever-escalating tariff on China alone will have a large impact:

The ever-escalating tariff on China alone will have a large impact.{ai:summary}<p>Trump's retreat from extensive "reciprocal" tariffs has brought some relief, but the existing historic tariff increases, particularly on China, will significantly affect consumer goods. With China exporting more to the U.S. than other nations, the impact on consumption is expected to worsen. </p><p>#economy</p>

The Corner: Reminder: The Tariffs Are Still Huge

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