TRUMP’S TARIFF GAMBLE FACES DOUBTS Donald Trump has introduced new global tariffs, arguing the U.S. faces a serious balance-of-payments crisis. But many economists and markets see no such emergency, raising doubts about his justification. The tariffs—set at 10% then raised to 15%—rely on a legal provision meant for short-term financial crises. Officials, including Scott Bessent, say the measures are temporary and will act as a bridge to more permanent trade actions. Critics argue the U.S. economy shows no signs of distress: the dollar remains strong and foreign investment continues to flow. Experts like Gita Gopinath say there is no fundamental payments problem, while others warn the policy could trigger legal challenges, market uncertainty, and volatile trade flows. With courts likely to review the move again, the tariffs may expire before any final ruling—leaving Trump’s strategy both contested and uncertain.(*Walter Bloomberg)