Noah Smith at Noahpinion:
Before the election, I wrote a whole bunch of posts about why it was a bad idea to elect Donald Trump. But sadly, America elected him anyway. After he won, I wrote a post outlining a best-case scenario for Trump’s second term. The optimistic scenario was that Trump’s threats to enact harmful policies and cause chaos were mostly bluster, and that in the end he’d end up just waging a bunch of culture wars instead of wrecking the economy and gutting U.S. institutions.
We’re only two weeks into Trump’s presidency, and that optimistic scenario is looking more and more remote by the day. Trump is creating a lot of institutional chaos, and I’ll talk about that in a bit. Today I’m going to talk about Trump’s main economic policy: tariffs.
More here.
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