Trump’s steel and aluminum tariffs have angered nearly every US industry. Trump threatens to tax European cars if his trade war escalates. Trump’s trade war will hurt everyone — the only question is how much: Emily Stewart interviews Michael Froman, United States Trade Representative under the Obama administration. Trade war, what is it good for? Absolutely nothing. Paul Krugman on the macroeconomics of trade war. A steel trap: Regardless of what he thinks, there’s nothing easy about international trade or economics. Trump’s tariff decision is one of the worst fears about his presidency come to life: Trump was in a bad mood — so he decided to maybe start a trade war.
Republicans say they favor free markets — yeah, right. Republican economic orthodoxy isn’t working for Republicans anymore — that’s a big deal. It’s not enough to complain about Trump’s tariffs — we must offer something else to help those left behind by globalization.
