10% tariff, 100% bad idea

News Snapshot:

Former President Donald Trump recently pledged to enact a universal 10% tariff on all imports if he regains the presidency. His adviser Larry Kudlow argues the revenue would pay down the national debt, level America’s tariffs with those of other countries, and counter Chinese currency manipulation. None of these arguments are compelling because the tariffs Trump and President Joe Biden have already enacted have sparked trade wars, throttled supply chains, and slowed the recovery from the pandemic. More of the same is the last thing America needs. HOW EUROPE'S CRACKDOWN ON BIG TECH COULD AFFECT THE UNITED STATES First, the...