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Matthew Yglesias
@mattyglesias
Hagerty for Treasury makes sense insofar as he has pretty consistently articulated the sanest version of a case for raising tariffs, admittedly not the case Trump has made or the policy he has articulated.
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Senator Bill Hagerty
@SenatorHagerty
The U.S. has the lowest tariff barriers of any major economy in the world. Our trading partners have much higher tariffs, creating a lack of reciprocity and putting our nation at a disadvantage. That needs to change.
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Matthew Yglesias
@mattyglesias
Most Trump fans on Wall Street eventually come around to this view in an effort to sanewash the president-elect's views, but they almost all have a track record of saying other more explicitly free trade things.
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David Watson 🥑
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Matthew Yglesias
@mattyglesias
If you remember the debates over NAFTA, PNTR with China, DR-CAFTA, and the TPP what you'll find is that this exact point — America's tariffs are low and we need to get foreigners to reduce their trade barriers — is precisely the case for free trade deals.
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RhythmDoc
@RhythmDoc01
But this is the pattern for all Trump policies! He says wild things that sound like the guy down at the end of the bar muttering about how there oughtta be a law, and then what he ends up actually doing is much less nuts.
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