Trump’s Tariffs: More Bark Than Bite

The bark of President Trump’s harsh tariff policy has been worse than its bite. While many of the rates are punishingly high, Trump’s tariffs have not hobbled the global economy or saddled the domestic economy with runaway inflation. William attributes this to the tariffs’ on-again-off-again nature, their many carveouts, and the workarounds that US trading partners have found to keep their export activity aloft. … Also: The Supreme Court soon may strike down the tariffs, ruling that the justification used for them is unlawful. If so, the administration has other justifications up its sleeve. … And: No “grand bargain” between the US and China is likely anytime soon, which suits China just fine.