Trump’s Totally Arbitrary Tariff Regime

Jim Geraghty: “There are two main takeaways from yesterday’s so-called ‘Liberation Day’ announcements.”

“The new tariffs are economically illiterate, self-destructive, top-to-bottom nonsense, imposed with no sense of rhyme or reason, assembled by White House staffers who do not know which territories have serious trade relationships with the U.S. and which ones are inhabited entirely by penguins.”

“Also, the White House continues to avoid almost any decision that could possibly antagonize Vladimir Putin, while inflicting as much pain as possible on longtime allies and vulnerable friends like Israel and Taiwan.”