Cue the mass hysteria. Donald Trump’s Liberation Day has arrived, as the decades of foreign nations tariffing our goods without reciprocal tariffs ends.
The tariff war between the United States and dozens of other nations just took a major escalation, as the president imposed reciprocal tariffs on a number of goods from a lengthy list of countries. (The tariffs are reciprocal in that if a nation tariffs 10% on U.S. goods, so will we on that nation’s products.) The president aims to bring manufacturing back to America and to cow hostile nations. While many economists and media figures are prophesying economic disaster, it is worth noting that tariffs during both Ronald Reagan’s presidency and Donald Trump’s first term boosted economic growth and wage increases here in
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