

Tariffs, Trade Wars & Markets
President Trump seems to be treating tariffs as his newest play toy and remedy to any real or perceived problem with another country – acting like tariffs are the tonic to cure all problems. As a result, countries will become less likely to feel confident that negotiation with the U.S. have any lasting value. We, as a country, need to be careful that we don’t “tariff” away our ability to be taken credibly by both friend and foe. The concept of free trade is built on the pri