📉 Nearly 900 Economists Slam U.S. Tariff Policies in Open Letter 🇺🇸💥

A coalition of top economists, including Nobel Prize winners like James Heckman and N. Gregory Mankiw, has publicly condemned the U.S. administration’s aggressive tariff strategies. Their open declaration warns that these "misguided" trade policies could lead to a self-inflicted recession and increased costs for American households—estimated at $4,900 annually per family.

🔍 Key Takeaways:

Tariffs have “no basis in economic reality,” say experts.

The IMF predicts rising U.S. tariffs will slow global growth and fuel inflation.

Critics argue tariffs could open the door for corporate profiteering (aka “greedflation”).

Average tariff rates could reach 28%, the highest since 1901.

Despite this, the administration remains steadfast, defending the tariffs as a strategy to reduce the trade deficit and bolster U.S. manufacturing. But is the cost worth it?

🧠 What do you think? Are protectionist policies a smart play—or economic self-sabotage?