Trump’s tariff pain: the growing evidence

AMERICA’S ECONOMY is looking peaky. Inflation expectations are creeping up. On March 25th consumer confidence fell to its lowest in 12 years. But Donald Trump, the country’s president, says relief is at hand. “Liberation day” for the economy will arrive on April 2nd, he proclaims, when he intends to slap hefty new tariffs on imports from all over the world.