Tariffs are always bad economics, but these tariffs aren’t nearly big enough to cause too much trouble relative to the size of the global economy. The totality of both US tariffs imposed on foreign and retaliatory tariffs imposed on the US come to amounts that are 15-20% of the tariff-able total. This is way too small to have a real impact on an $80+ trillion global economy. Is it bad? Yes! Is it a negative? Yes. But, it’s a small negative.
