Trump’s endless new tariffs are threatening businesses — and you
Stop me if you’ve heard this one before: a new wave of tariffs are taking effect today. As Trump has ratcheted up pressure on foreign imports over the last few months, some Americans might not have noticed a marked difference in what they’re spending, especially as huge tax hikes have been announced and then delayed or cut back. Trump’s perpetually changing tariff deadlines and rates led a Financial Times columnist to coin the phrase “TACO trade,” short for “Trump Always Chickens Out.” But expe