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The Dumbest Economic Policy in Modern History
His tariff plan looks like an abject disaster for America, even judged against the benchmarks the administration has set for itself.
The U.S. struggles to produce high-tech machines that are crucial to our national security: We can’t build ships, our military arsenal is out-of-date, and we depend on other countries to churn out the most advanced computer chips. On Sunday, TheWall Street Journal reported that Michigan’s economy seems to be “the first victim of Trump’s trade war.” Auto suppliers in the state are looking at higher prices on parts, including for hinges, brackets, and aluminum. “We are under siege by hostile adversaries trying to erode our manufacturing and defense industrial base and disrupt our financial system,”Stephen Miran, the chair of Trump’s Council of Economic Advisers, said.
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