The Trump administration is betting on a repeat of the 2018-19 tariff success.
Since President Donald Trump unveiled the contours of his April 2 Make America Wealthy Again universal baseline and reciprocal tariffs, economists have debated whether this will rekindle the inflation flame. Market watchers have presented a diverse array of projections, from a negligible effect to sky-high prices. But the White House says look to the 2018-19 round of tariffs to determine the fate of US prices.
Tariffs and Water
Shortly after the United States commemorated Liberation Day, senior administration officials performed the media rounds, defending the president’s actions. One of these was Commerce Secretary Howard Lutnick, who has been Trump’s top salesman, dating back to the 2024 election campaign. Appearing on CBS News, the Wall Street…
