Trump tariffs are ‘a recipe for making Americans worse off,’ Cato Institute says 

• A libertarian think tank is warning tariffs mean higher prices and fewer goods for Americans, and the broader they are, the more prices will increase. Any other explanation for tariffs doesn’t track with economics, The Cato Institute claims.

A Fox Business host recently shared a hypothetical where the price of one good goes up, but the price of another goes down because people have less to spend. It was a defense of President Donald Trump’s tariffs. The Cato Institute, a...