"The best estimate of the loss from tariff policy is now closer to $30 trillion."Summers added that the tariffs were the most expensive and "masochistic" the US had imposed in decades.Mohamed El-Erian"The price action in global financial markets in the immediate aftermath of the US tariff announcement points to major worries about global economic growth,

President Trump is promising that his April 2 "Liberation Day" volley of tariffs will "make America wealthy again" by repatriating manufacturing jobs and reviving demand for American-made products. But many economists are taking a different view,