- Analysis: Former Treasury secretary Larry Summers said Trump’s tariff policy is “a stop or I’ll shoot myself in the foot” kind of threat; the editorial board of the Wall Street Journal said it was “The Dumbest Trade War in History;” and JP Morgan said it was increasingly concerned. There is close to a consensus among economists that the tariffs aren’t beneficial for the U.S. and could spark a global trade war.
President Donald Trump kept his promise. He threatened tariffs, he carried them out, and investors the world over have hated it so far.
