Jared Bernstein: The economic impacts of Trump’s tariffs are often exaggerated. But they still stink.

In this Aug. 8, 2018, photo, a worker stands near a container ship at a port in Qingdao in eastern China's Shandong Province. Beijing is responding to U.S. President Donald Trump’s tariff hikes by pressing companies to find more non-U.S. suppliers and customers. But there are few substitutes for the United States as a market and technology supplier. (Chinatopix via AP)

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By Jared Bernstein | For The Washington Post