They weren’t as bad as I expected, tho every single little small business failure and suffering counts against them even if it doesn’t show up in macro. But Trump loudly branded himself, after being elected as a cost of living project, Raise Prices Guy. 🤷🏻♀️ Gonna take a toll!
Tariffs have been relatively fine--they create deadweight loss but they haven't been Smoot-Hawley 2.0 like some predicted. Would have been better if they'd targeted countries Americans naturally sense as hostile (China) but they aren't why Rs are in this hole.