Source: Foreign Policy
by Agathe Demarais
“All eyes are set on U.S. President Donald Trump’s escalating war against Iran, but on the home front, things are not going well. Nearly one year after he launched a barrage of steep tariffs on what he called ‘Liberation Day,’ economists have crunched the numbers for 2025 — and they are not looking good for the White House. By Trump’s own yardstick — his three goals of making foreigners pay for doing business with the United States, narrowing the U.S. trade deficit, and punishing China — tariffs have clearly failed.” (03/19/26)