Source: The Atlantic
by Roge Karma
“If you were setting out to design a trade policy that would harm the American economy while undermining political support for its leadership, you might come up with something like the tariffs that Donald Trump just imposed on Canada, China, and Mexico. The new tariffs will raise prices for American consumers, weaken the American auto industry, and prompt severe retaliation from America’s top trading partners. … Usually, when elected officials implement foolish policies, they do so because they believe the political upside outweighs the substantive downside. What makes Trump’s tariffs so unusual is that the politics of them also appear to be terrible.” (03/04/25)