Tariffs miss targets. Trump’s trade bullying hurts allies more than China. US consumers suffer most.
Tariffs began as taxes. First to raise revenue. Then to protect local industries. Later to enforce reciprocity. Three goals. One blunt tool. It never worked smoothly. “Looking at several centuries of tariffs, we can summarize their impact through three R’s: revenue, restriction, and reciprocity.” https://econlife.com/2025/01/the-three-rs-of-tariffs/ Push tariffs too high and imports collapse. Revenue drops. Push …