A Few Observations About the Trump Tariffs

Source: USITC and Yale Budget Lab This charts says it all. The Trump tariffs announced yesterday have resulted in an average US tariff rate higher than the infamous Hoover Administration era Smoot-Hawley Tariffs that caused our economy to go into a tailspin. And the folks who know the US economy better than anyone--the folks that buy and sell stocks--have given their view of the tariffs: as I…