Source: The Contrarian
by Jennifer Rubin
“After two days of watching the markets tank, President in Name Only Donald Trump’s lackeys began to talk about a ‘compromise’ on his wrongheaded, disastrous rollout of steep across-the-board tariffs on goods from Mexico, Canada, and China. This is a common Trump stunt: Make a boneheaded move, watch the fierce blowback, make a meaningless deal, and declare victory. In this case, the ‘compromise’ appears to include a one-month reprieve from tariffs for automakers. However, after the one-month pause, those tariffs apparently will go into effect. No such relief was offered for other goods. Whatever wiggle room Trump provides, the damage is done. Markets, businesses, and consumers are rattled. … Why does he needlessly make such objectively self-destructive moves? His tariffs certainly cannot be justified economically, and the predictable results are so severe, they make even less political sense.” (03/06/25)
https://contrarian.substack.com/p/trumps-economic-trainwreck