CNN’s Phil Mattingly Says Trump’s Tariffs ‘Significantly More’ Than Expected: It’s a ‘Restructuring of the Global Trade Order’

EXCERPT:

MATTINGLY: "But I think perspective is important here. It is not as bad as it could have been had he done a 20% universal tariff on everybody. It is significantly more than I think a lot of people thought he was going to do, based on their experience in the first term, and they would key on words on him saying, 'We‘re going to be lenient,' or, 'Maybe we‘re not going to go far.' And his advisers would say 15 different things on various days. To be very clear, we have not seen anything like this in 6 or 7 decades, perhaps longer. This is a moment where the restructuring of the global trade order is underway. We‘ll see what happens."

(Via Mediaite)