April 4, 2025
President Trump’s Tariff Formula Makes No Economic Sense. It’s Also Based on an Error.
President Trump on Wednesday announced tariffs on practically every foreign country (and some non-countries), ranging from a 10 percent minimum all the way up to 50 percent. The economic fallout has been dramatic, with the stock market losing nine percent of its value (based on the S&P 500 index at the time of writing) and…