Source: The Daily Economy
by Michael Munger
“Supporters of tariffs claim that mainstream economists don’t understand the game. This ‘game’ has been described by Peter Navarro as three-dimensional chess. I want to take that claim at face value, break down its dimensions, and then evaluate whether Trump’s actions are likely to lead to his desired outcomes. And the answer is ‘no,’ because the administration is playing three quite different, inconsistent games all at once. That isn’t a strategy at all; rather, it’s a scheme for certain failure.” (05/07/25)
https://thedailyeconomy.org/article/three-dimensional-trade-chess-explained/