The Tell Isn’t the Tariff — It’s Who Cheats It
Every government pretending tariffs “don’t work” exposes the truth by trying to cheat them. Enough!
If tariffs were irrelevant, no one would spend billions rerouting supply chains, falsifying certificates of origin, or laundering exports through third countries.
The cheating is the tell.
It’s proof that tariffs bite harder than any interest-rate move.
And …
