Put aside the questions of whether tariffs are sound policy or if trade imbalances are good or bad. It appears we have moved past that debate, unfortunately. After all, tariffs are taxes and restrict economic activity, not promote more of it.
Refocus on what happens next.
As President Trump pushes forward with his tariff strategy, supply shortages could emerge within weeks or less. Today’s (Friday May 2) expiration of de minimis exemptions means any products under $800, like those from Temu or