According to Princeton international economics professor Gene Grossman, "it's not clear exactly what the purposes are, and many of them are in contradiction with each other."
The last count showed 422 active U.S. oil rigs in operation. That’s comparable to when the pandemic depressed demand for crude.
What do flat-rate tariffs across so many countries accomplish? Is it about trade imbalances, reshoring manufacturing, revenue, or something else?
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