America’s Astonishing Act of Self-Harm

From the Financial Times editorial board:

“If it endures, Donald Trump’s decision on April 2, 2025 to enact sweeping ‘reciprocal’ tariffs on U.S. trade partners will go down as one of the greatest acts of self-harm in American economic history.”

“They will wreak untold damage on households, businesses and financial markets across the world, upending a global economic order that America benefited from and helped to create.”