“A rose by any other name would smell as sweet.” – William Shakespeare, Romeo and Juliet Yesterday, the Bureau of Economic Analysis released its first GDP estimate for Q1, revealing a – 0.28% contraction. The report appears to blame the Trump Tariffs, citing a surge in imports as companies stockpiled ahead of the levies. But this narrative does more harm than good. First, this front-running of tariffs is a one-time effect, leaving doubt as to potential effects going forward. Second,…