“President Trump, a lover of tariffs, has become even more enthusiastic about their benefits in recent weeks. In an economic speech in Detroit on Tuesday, Mr. Trump mentioned tariffs more than two dozen times, saying the levies had generated trillions of dollars of investment for the country. That followed a series of social media posts in which he credited them for the country’s strong economy, its declining trade deficit and its booming stock market,” the New York Times reports.
“But there is little evidence in the data to support the idea that tariffs are conveying broad economic benefits. U.S. growth has been strong in recent months, but economists say that has been driven primarily by the boom in artificial intelligence.”
Axios: Trump’s heavy hand tightens grip on U.S. economy.
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