RerF/iStock via Getty Images It’s been just over four months since Trump’s April 2 “Liberation Day” tariff announcements, and many observers have been surprised by the relatively mild economic fallout so far. Back in April, headlines warned of empty store shelves within “a couple of weeks.” That didn’t happen. Even inflation has been more subdued in the first few months than many worried. The effects might be beginning to appear. The most recent jobs data revisions were telling, as May and June numbers ...