Trump's "Liberation Day" tariffs are a mistake.

@ChefGruel : "Everyone screaming about US Tariffs has been quiet for decades about all the tariffs on the US." He's right. @mises

Here’s what could get more expensive with Trump’s new tariffs.

Yes, bad econ, but maybe give it some time? "Reciprocal. That means they do it to us and we do it to them." ~@realDonaldTrump Doesn't that mean Trump will lower tariffs when "they do it to us"? Maybe the long-term goal for tariffs, as is for corporate taxes, is a race to zero🍻

@realDonaldTrump I hope that’s the long term goal. Still, I’d prefer if they used leverage that didn’t hurt Americans. I’m also not feeling great about our prospects when I see reports like this

Evidently he's even put tariffs on Australia, which has a trade deficit with the US, proving that Trump tariffs don't even make any sense within the protectionist economic argument. This is why the framers of the US Constitution put tariffs under Legislative branch authority. Additionally, the tariffs should be secondary to corporate income tax cuts. There better be a nurturing and unencumbered business environment before hurling tariffs all over the place.

No they are not. Those tariffs were also used in his first term to good success. These are RECIPROCAL. Meaning if you don't tariff us, we won't tariff you. So, who is really at fault here....

Is there a way to fix the trade imbalance without or just bend over forever?

When will you start to name the Trump administration as Trump's regime?

Don't agree. Americans will go on doing what they have been doing for decades, buying goods and services regardless of cost. This society has created a slave working class. Besides, America was founded up tariffs.

Compared to what? The status quo is even more destructive. And how do tariffs compare to the other tax increases like in all EU countries for example?

Excellent video