Trump says he’s punishing foreign countries. He’s mostly punishing Americans
CNN
Here’s a tip for anyone else who finds themselves gobsmacked: Stop trying to make it make sense.
Serious question. What are we, like, doing? Markets are in a tailspin. Business leaders are panicking. Consumers, if they’re reading the news, are rightly confused or scared or both. Economists are squinting at the Trump administration’s tariff agenda and trying to make it, somehow, make sense. Here’s a tip for anyone else who finds themselves gobsmacked: Stop trying to make it make sense. Looking for logic? You won’t find it. As we’ve written before, President Donald Trump’s stated goals for his tariff agenda are full of contradictions. Even the math the administration used to calculate “reciprocal” tariffs on trading partners is more performance art than, well, math (more on that in a moment). America’s economy is the envy of the world. Yet Trump believes it’s the victim of other nations’ unfair trade practices. Tariffs are his catch-all theory of how to level the playing field and revive American manufacturing. He is unshakable on that — even if it means pushing the US economy into a recession. He claims tariffs will hurt foreign countries, and he’s not wrong. But he has so far shrugged at the fact that tariffs will needlessly punish Americans, too.
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