Trump’s tariffs are a “dirty tax” that will worsen the $38.6 trillion national debt crisis in the long term, a top analyst says.
Kent Smettes, faculty director of the Penn Wharton Budget Model, challenges the narrative that tariffs are a tool to protect domestic industry. In a recent interview with wealth, Smettes backed what he said was his long-standing view that large-scale tariffs are a “dirty VAT” (value-added tax) — a policy he believes is far more damaging … Read more