“If you’re keeping track—and economists are making their best efforts—President Donald Trump’s trade war with the entire planet is running up quite a price tag. Even with a 90-day pause on some tariffs (except for China), the imposition or even just the threat of import taxes on goods from around the world and the inevitable retaliation by other countries is expected to take a bite out of the economy and people’s prosperity. Figuring out how much of a bite it will take is a trick, but there’s little doubt that it will be painful.”
https://reason.com/2025/04/14/even-on-pause-trumps-trade-war-runs-up-a-big-price-tag