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David Watson 🥑
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Sadly, Trump's electorate is largely economically illiterate. There's a significant chunk who will cheer for anything he does, no matter how predatory and insane. The market is down because it is discounting a future of reduced trade emanating from these tariffs. The extent of
Brian, the big picture is the destruction of the rules- based multilateral trade system that the US established with GATT in 1948 and the successive rounds of phasing out of trade barriers. Demand and supply diagrams ( A Harberger ) and effective protection calculations ( Max
Something Trump wouldn’t know, of course. But the Russian economists who advise their Intelligence services definitely would …
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