Imagine your favorite café charging more for coffee overnight. 💸 That’s the scene economist Justin Wolfers painted on MSNBC when he critiqued President Trump’s tariff strategy. With no approval from Congress, these new import “taxes” have just pushed costs higher—without reopening shuttered factories or bringing jobs back.
Tariffs act like a cover charge on imported goods. The goal was to protect U.S. manufacturers and spark a production comeback. But as Wolfers explains, the real drop is in your wallet: businesses pay more for materials, and consumers foot the bill. The promised revival of American factories? Still a no-show. 🙅♂️
His verdict: it’s time for a policy remix. Lawmakers and the White House need to collaborate on a plan that truly drives growth and job creation—without making every purchase feel like a VIP ticket. 🎟️💼
Reference(s):
cgtn.com
