Are Tariffs a New US VAT Tax? - The Big Picture

Are Tariffs a New US VAT Tax? - The Big Picture

A quick note on tariffs: Over the past few weeks, I’ve been putting together my quarterly call for clients. The challenge is how to frame the current economic scenario in a way that is useful and informative and not the usual run-of-the-mill noise. It’s easy to get distracted by the chaos of random policies that have been coming rapid-fire at Americans. We see this in the Tariffs On, Tariffs Off, Sell, Buy pattern of news-flow. But rather than g…