The Winding Glass: We Will All Pay the Price for Tariff Stupidity, Incompetence, and Hubris- Opinion
Trump has no tariff plan. Most tariffs are negotiated on specific commodities, with painstaking analysis of costs of inputs, subsidies, and trade balances. Anyone who remembers the imposition of shrimp tariffs in 2004 knows that even though the process was driven by the politics of domestic shrimpers, the actual process was detailed and company specific. As a result, those companies demonstrating a lack of subsidy and realistic cost inputs avoided significant tariffs. Within a short time, the shrimp market was healthy again...
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