With great fanfare and more than a little misinformation, President Trump unveiled new tariffs that surprised even the most jaded observers. The resulting trade war will result in a “Trump tax” as consumer prices rise—provided the goods consumers are looking for can be found at all. Also: Joe Zepecki’s analysis on what Susan Crawford did right, what Elon Musk did wrong, and what this week’s results tell us about Wisconsin voters in 2025.

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