What other newspapers are saying: Tariffs not only harmful but corrupting
One economic policy mistake invariably leads to another to compensate for the damage from the first. The latest example are reports that the Trump Administration may create a tax break for U.S. exporters harmed by foreign retaliation to the President’s tariffs. Don’t be surprised if the cost of paying off the many U.S. tariff victims ends up exceeding the revenue they raise. While some countries are trying to negotiate Mr. Trump’s tariffs down, others are punching back. Beijing is imposing 125% duties on all U.S. goods to match Mr. Trump’s latest tariffs, which will effectively ...