, Columnists
Trump's Reciprocal Tariffs Don't Add Up
The domino effect of raising barriers on German auto imports would clobber U.S. consumers.
More or less made in the USA.
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President Donald Trump wants to make U.S. tariffs reciprocal with those imposed by other countries. Gary Cohn, his chief economic adviser, explained this strategy recently, recounting a comment the president made to German Chancellor Angela Merkel and other Group of Seven leaders last month.
“Reciprocal is, if you've got a 30 percent tariff, you know what, we should have a 30 percent tariff,” Cohn reported Trump as telling the Europeans.