As Ive always said, the biggest, largely unforced error of the Trump presidency has been tariffs, and the way the White House carried them out. Imprecision of lumping Canada in the same bucket as China was foolish and the benefits of ramped up domestic manufacturing never materialized, at least to the degree to which they were sold or Trump's polling on the economy would be better. I know what youre saying "how about Iran?" Well Iran can be explained for obvious reasons including destroying the infrastructure of Jihadist loons. Plus I still believe there will be an eventual peace dividend with that regime neutered, if history is any guide. But stoking inflation by mounting a trade war against the likes of Switzerland and Canada, not myopically focusing on the real threat of China, just made price pressures so much worse. My explanation on
@foxandfriends yesterday here:
foxnews.com/video/6405366383…, and a good column in the
@WSJopinion here:
wsj.com/opinion/the-coming-r…