Here in D.C. Friday morning, even the howling wind seems angry about President Trump’s new tariffs on steel (25 percent) and aluminum (10 percent) imports. No question, these tariffs are a crude tool in that regard, likely to hurt more than they’ll help. I’m much less worried about China, although I expect countervailing tariffs from them, probably on some of our agricultural exports. But given the broad scope of Trump’s action, widespread retaliation feels like much more of a possibility this time around. After you’ve vented about their economic distortions, put forth the policy initiative you think is needed to help those hurt by trade.

Source: Washington Post March 02, 2018 15:20 UTC