Trump finally built his wall. It isn’t made of bricks or barbed wire. It is made of taxes. Taxes on imports.
Without authorization from Congress, Trump has built an economic wall around our country. What Trump called “liberation day,” is the launch of a new global economic order, one that penalizes trade, punished American consumers, upends international relationships, and will ultimately slow economic growth everywhere.
Don’t take my word for it. Devin Winchester is Co-Editor of the Journal of Global Economic Analysis. He is now a Senior Fellow at Motu Economic & Public Policy Research in Australia. Earlier in his career he did his research at MIT and worked as Senior Knowledge Expert at McKinsey & Company. He modelled the impacts of tariffs on the economies of dozens of countries. The biggest loser? The United States.
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