Tit-for-tat trade policies may seem appealing, but they’ll lead to higher prices on everything from coffee and tea to bananas, with very little upside. For obvious reasons, most of the attention that’s been paid to President Donald Trump’s various tariff schemes has focused on the across-the-board tariffs he’s imposed on our biggest trading partners,

U.S. President Donald Trump on Friday railed against what he called tremendously high Canadian tariffs on dairy and lumber, and said his administration could impose reciprocal tariffs on Canadian products as early as Friday.