Trump just shrank the economy

Published August 22, 2025 4:30am ET



In late August, the federal government inflicted a major and needless price rise on Americans. Its decision was not broadcast in a presidential address or announced in a White House statement. Rather, the Bureau of Industry and Security slipped it out in a list of product codes incomprehensible to non-specialists.

The schedule contained 407 new categories of goods that would, from Aug. 18, be subject to the 50% tariffs previously declared on steel and aluminum.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.