Trump's reciprocal tariffs: 1) Impose hundreds of billions of dollars in new taxes on Americans without public/congressional input 2) Are based on secret calculations that have little, if any, connection to actual foreign trade barriers 3) Ignore all US tariff/non-tariff barriers, which in some cases are quite high 4) Are justified by a "national emergency" that reflects a total misunderstanding of how trade deficits work 5) Disregard US trade agreement commitments, including ones made by Trump himself 6) Will make us all poorer, and likely do real & lasting harm to the US economy (incl in manufacturing) 7) Embolden our adversaries around the world And those are just the ones off the top of my head.
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