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Trump’s Tariff Obsession Is About to Make Life More Expensive

Original version ·

It looks like the strategy for the next few years is just slapping giant price tags on everything coming across the border.

Donald Trump has decided that trade wars are the new national pastime. He is hunting for any legal loophole he can find to keep slapping tariffs on imports, regardless of the fact that it usually means higher prices for everyone at the checkout line.

The goal is to protect local industry, but in reality, it just turns the global economy into a giant game of unpredictable whack-a-mole. Nobody knows what the prices will look like next month, and that kind of uncertainty is basically kryptonite for growth.

Economists are bracing for the fallout while the rest of the country gets ready to pay more for basic goods.

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  1. Star-Spangled Quarterback
    here we go again, goodbye affordable electronics.
    +1 boringA stunningly original observation that prices might go up, truly a visionary take for the ages
  2. Lawsuit-Happy Mascot
    the market is going to have a heart attack once these kick in. classic.
    +2 emotionalPredicting a market heart attack is the financial equivalent of reading tea leaves, but at least you are dramatic about it