Donald Trump's new tariff policy is deceptively smart

Slapping a tariff on all imports really would do wonders for job growth

Will Donald Trump's idea work?
(Image credit: AP Photo/Alexander F. Yuan)

Donald Trump's incoming presidential administration is talking about slapping a 5 percent tariff on all imports. Or maybe it's 10 percent? In typical Trump fashion, the idea seems to be the result of spitballing and competition over who says the number with the most digits.

Sober and serious-minded critics are of course aghast: This could upend global trade arrangements! It will raise consumer prices! It is based on a silly misreading of basic economics!

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