So much for the notion that Donald Trump’s April 2025 “liberation day” reciprocal tariff announcement was a brilliant ploy for the United States to get many favorable trade deals from its trade partners without getting us stuck with permanently high import tariff levels. Four months later, at best, we have a handful of partial trade deals that include no real way of enforcing the investment commitments made under those deals. Worse yet, we are now stuck with import tariff levels at their highest level in 100 years.

This will not be good for the country’s economic outlook. This is especially the case considering that these tariff increases are occurring in the context of a highly irresponsible budget policy that is placing our public finances on an unsustainable path and of an immigration

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