Thursday, July 24, 2025

The New Tariff Normal

Trump’s New Trade Standard Takes Shape With 15% Tariff Deal
https://www.wsj.com/economy/trade/trump-trade-deal-15-percent-tariffs-16aeb256
 
The Price of Winning the Trade War
https://www.wsj.com/opinion/japan-trade-deal-donald-trump-tariffs-shigeru-ishiba-70f60e60
The Japan deal is a relief, but only because the alternative is worse.
 
Trump’s Tariffs Are the Highest in a Century. But After His Threats, They Seem Like a Relief.
https://www.nytimes.com/2025/07/23/business/economy/trump-tariffs-japan.html
The president imposed tariffs on Japan, one of America’s closest allies, that would have been alarming just months ago. And markets went up.