Opinion: Trump’s trade policy is a mess. Time is running out to get it right. - MarketWatch

1. Trump's current tariffs may trap the economy in a suboptimal state. 2. New tariffs are larger and likely to be inflationary, impacting consumer prices. 3. Tariff policy lacks support from specific industrial strategies, risking wider economic issues. 4. Overvaluation of the dollar remains unaddressed, complicating trade deficit reduction. 5. China's potential response to tariffs could shape future trade negotiations.