Price controls have a price of their own.
A new analysis from Moody's says 300,000 jobs have been lost already, with another 600,000 hanging in the balance. Meanwhile, Trump is trying to reopen channels with China.
Peter Navarro Says the 'Data' Show Americans Aren't Paying Trump's Tariffs. In Fact, They Show the Opposite.
Tariffs are taxes on imports that translate into higher prices for American businesses and consumers.
And it reveals the major blind spot in Trump's view of how international trade works.
Even if Trump's tariffs go away, the debilitating economic effects are likely to linger for years.
Navarro's Wall Street Journal op-ed looks more like a deliberately deceptive attempt to argue that limiting imports will boost economic growth. It won't.