JD FOSTER: Will Trump’s ‘Liberation Day’ Tariffs End In Disaster Or Prosperity?

“Liberation Day” has come. So what does it mean? Beats the hell out of me.

What we know is that President Trump’s avalanche of tariffs was to hit a peak on April 2; not end, mind you; not necessarily “the” peak, as more could be on the way; but a peak.

No Trump policy more completely breaks with America’s past than his “beautiful” tariffs on just about everything coming into the United States from just about anywhere.

Will this new policy liberate American manufacturing from foreign shackles? Will it usher in a new era of prosperity, keeping in mind the United States had for many years the consistently best-performing economy in the industrialized world, even overcoming the many inane obstacles erected by the Biden-Harris Administration?

Or will it leave the United States isolated, friendless, and weakened?

The correct answer at this point is no one knows, not even the bloviating talking heads on TV confidently predicting demise or Shangri-la.

Think of it this way. Suppose you’re a restaurant chef and a woman hands you a new recipe. Her father turns 75 soon and they want to have a party at the restaurant. The recipe is for the father’s favorite dish, one her mother made for years.

The recipe looks old, with odd ingredients and processes you’ve not seen before. Now judge it as a chef.