Donald Trump has announced significant tariffs on numerous countries, potentially creating the highest tariff duty in the U.S. since the 1800s. Critics and analysts, including economists from JP Morgan, describe the initiative as absurd and chaotic. The motivations and consequences of the tariffs are unclear, with conflicting statements from Trump aides about the expected economic impact. The overall sentiment is that the plan lacks foresight and coherence, casting doubt on the administration's understanding of its implications for both domestic and global trade.
The policy is absurd. It's also an extension of Trump's chaotic personality.
Trump's tariffs will return the United States to the highest tariff duty as a share of the economy since the late 1800s.
Trump's tariffs are designed to raise $6 trillion over the next decade, making it the largest tax increase in American history.
The people responsible for explaining and implementing Trump's tariffs don't seem to have any idea what they're doing, or why.
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