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‘That’s the lesson of tariffs. They don’t work.’ Policy analyst says Trump White House headed for a reckoning

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CNN
6h ago

David Bier, a policy analyst at the Cato Institute, argues that the tariffs imposed under the Trump administration are ultimately counterproductive and detrimental to their intended beneficiaries. He asserts that rather than protecting American interests, these tariffs end up harming the very people they aim to assist. The approach is criticized for its ineffectiveness in addressing the underlying issues it seeks to solve. Bier's perspective suggests a looming confrontation or 'reckoning' for the Trump administration due to these policies. The ineffectiveness of tariffs as a tool for economic policy is emphasized as a key takeaway from his analysis.

‘That’s the lesson of tariffs. They don’t work.’ Policy analyst says Trump White House headed for a reckoning

David Bier, associated with the Cato Institute, provides a critical examination of the tariffs implemented during the Trump presidency, emphasizing their counterproductive nature.

According to Bier, the tariffs are intended to protect American workers and industries but ultimately inflict harm on these groups instead.

The policy analyst claims that the tariffs fail to address the root causes of the economic issues they aim to mitigate, suggesting a fundamental flaw in their design.

Bier foresees a 'reckoning' for the Trump administration, implying that the negative consequences of the tariffs will soon become apparent and necessitate a policy reevaluation.

The argument highlights the broader lesson that tariffs are an ineffective tool for achieving economic goals, a point Bier stresses in his critique of the administration's approach.

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