It’s Time to Call the Peak in Trump’s Tariffs: Supply Lines

Calling the peak for anything is dangerous. So here goes: We’ve reached peak tariffs, as both an economic weapon and almost certainly as a political one.

President Donald Trump signaled as much on Sunday when he turned to social media and declared people who oppose tariffs “are FOOLS!” He then offered everyone a tariff “dividend” of “at least $2,000 a person (not including high income people!).”

The offer caught his Treasury secretary by surprise. Scott Bessent told a TV interviewer he hadn’t spoken with his boss about the idea and that perhaps Trump meant coming tax breaks.

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