One Year After Liberation Day: The Tariffs Are Working
One year ago today, President Trump stood in the Rose Garden and declared Liberation Day. He announced sweeping reciprocal tariffs to end decades of unfair trade, bring factories and jobs back, and restore economic independence. The language was bold: factories and jobs would come “roaring back,” and we would “supercharge our industrial base.”
Early predictions were dire. Olivier Blanchard, the former chief economist of the International Monetary Fund, warned that broad tariffs combined with uncertainty would trigger a recession , with any apparent trade-balance improvement proving…
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