We’ll know in the next 6–12 months if this gamble pays off or becomes a case study in how not to run trade policy. Until then, brace yourself: it’s going to be a bumpy ride.
Bibliography
1. Mason, Jeff, David Ljunggren, and Andy Sullivan. “ Trump’s Tariffs Spur Trade War Threats, Fears of Pricier iPhones. ” Reuters , April 3, 2025 .
2. Rugaber, Christopher. “ Trump’s Tariff Push Is a Race against Time, and Potential Voter Backlash. ” Associated Press (via WRAL.com), April 3, 2025 .
3. Oliver, Shane. “ Liberation (or Rather Retro) Day – Some Initial Thoughts. ” Livewire Markets , April 3, 2025 .
4. Fettig, David. “ What Washing Machines Can Teach Us about the Cost of Tariffs. ” UChicago News , April 22, 2019 .
5. Amiti, Mary, Stephen J. Redding, and David E. Weinstein. “ New China Tariffs Increase Costs to U.S. Households. ” Liberty Street Economics (Federal Reserve Bank of New York blog), May 23, 2019 .
6. CNN transcript of Trump speech from January 7, 2019