How Tariffs Can Help America
functions. As inequality has widened, the means America once used to temper it—progressive income taxes, good public schools, trade unions that bargain for higher wages—have eroded. As the risks of sudden loss
Robert B. Reich • Supercapitalism
A recent paper by two economists at the Federal Reserve found that Mr Trump’s targeted tariffs did not work as intended. Looking at manufacturing industries such as household appliances and car parts, they found a small jobs boost from the import protection conferred by tariffs. But this was more than offset by drags from both retaliatory tariffs a... See more
The Economist • How America Learned to Love Tariffs
This is what his critics do not understand. They mistakenly think that he thinks that his tariffs will reduce America’s trade deficit on their own. He knows they will not. Their utility comes from their capacity to shock foreign central bankers into reducing domestic interest rates. Consequently, the euro, the yen and the renminbi will soften relat... See more
Donald Trump's economic masterplan
