A broad consensus among economists has warned of the dire consequences of tariffs since Trump issued his first salvo in January. Yet, even with tariffs now close to the much-feared Smoot-Hawley rates of the 1930s, the U.S. economy is still far from collapse. Growth and job creation continue, if slowly, and the stock market is hitting new highs.
Tariffs Won’t Break the Economy. Corporate Shakedowns Might.
An economy as large and as diversified as the U.S. can handle tariffs. The president’s other actions pose a bigger risk. .
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