
Why Trump Paused the Tariffs
A stock-market swoon, or even a recession, might not frighten him, but the prospect of a 2008-style meltdown apparently still does.
A stock-market swoon, or even a recession, might not frighten him, but the prospect of a 2008-style meltdown apparently still does.
That simple aspiration propelled Trump into office, but it is now threatened by his tariffs.
His tariff plan looks like an abject disaster for America, even judged against the benchmarks the administration has set for itself.
Trump isn’t listening to what the stock market is telling him. He’s not negotiating with foreign leaders in good faith. He’s not hearing what corporate CEOs are saying.
Trade barriers will make U.S. goods more expensive to produce, costlier to buy, and inferior to the foreign competition.
MAGA supporters are attempting to understand Trump’s catastrophic decision making, while accepting Trump’s infallibility as a given.
The older you are, and the more likely you are to get laid off, the more important it is to have liquid savings.
The president’s allies are putting up a bigger fight than the opposition party is.
Advisers say the president is tuning out the markets and coverage and isn’t worried about the political impact of his tariffs—at least not yet.
The tariffs will destroy another pillar of American power and leave a vacuum for others to fill.
Deliberately insulting other countries is bad for the U.S. economy.
Once you’ve said you might negotiate, nobody is going to believe you when you change your mind and say you’ll never negotiate.
The policy is absurd. It’s also an extension of Trump’s chaotic personality.
Instead of leading to reduced trade barriers, the new global tariff plan is all but guaranteed to raise them.
Authoritarian leaders are most dangerous when they’re popular. Wrecking the economy is unlikely to broaden Trump’s support.
QAnon for tariffs
For the first time in decades, America has a chance to define its next political order. Trump offers fear, retribution, and scarcity. Liberals can stand for abundance.
Donald Trump’s allies have pivoted from denying that his tariffs will hurt consumers to insisting that consumers should welcome the pain.
How to be a billionaire and pay no taxes
The tariffs are real, and they are spectacularly foolish.