Trump Has Already Botched His Own Bad Tariff Plan
Donald Trump had a plan. It was not a good plan, or even a plausible one. But it was, at least, a coherent plan: By imposing large trade barriers on the entire world, he would create an incentive for American business to manufacture and grow all the goods the country previously imported. Whatever chance this plan had to succeed is already over. The key to making it work was to convince businesses that the new arrangement is durable. Nobody is going to invest in building new factories in the United…
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