How America Learned to Love Tariffs
TARIFFS: Trump’s tariffs have been smeared as reckless and arbitrary by the media, Democrats, Europeans, and libertarians, but according to Oren Cass, this criticism is a mixture of economic orthodoxy, bad faith, and willful ignorance. Far from being impulsive, Trump’s tariffs are grounded in a published formula and follow the harmonized tariff... See more
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The “other countries should put tariffs on China” idea and the “China should shift its economy toward domestic consumption” idea are unified in the worldview of Michael Pettis, who has advocated both things. He has been saying that China needs to increase the share of consumption in its domestic economy for well over a decade, and it seems to me... See more