Tariff Rift

This post Tariff Rift appeared first on Daily Reckoning.

President Donald Trump’s announcement of sweeping import tariffs—what he dubbed “Liberation Day”—has caused the expected ruckus in global financial markets. And rightly so. This isn’t some light policy tweak. It’s a full-blown trade regime reset. As of April 5, a universal 10% baseline tariff on all imports into the United States will go into effect. […]