Source: Washington Post
by Eduardo Porter
“Protectionists have a long history of ignoring economics when it comes to trade. Unsurprisingly, their policies often end up mugged by reality, producing awkward unexpected consequences and failing to deliver on their stated objectives: promoting domestic production and jobs. Still, you have to hand it to President Donald Trump and his advisers. Kneecapping the domestic auto industry with a 25 percent import tariff and handing over the global market to Chinese brands will be a hard oopsie to beat.” (04/02/25)