Hang tough?
Last fall, Donald Trump repeatedly promised that if elected he would lower prices “On DAY ONE.” But since taking office, he has done exactly the opposite. Economists and business leaders warned him that steep import taxes would raise prices on American families. Trump insisted that other countries would pay, but in reality, American importers pay the tariffs, passing most of the cost on to consumers – as much as several thousand dollars a year. “WILL THERE BE SOME PAIN?” the President wrote. “YES, MAYBE (AND MAYBE NOT!)” Experts also cautioned that foreign governments ...