Krugman writes: "Almost exactly one year has passed since Donald Trump declared, 'I am a Tariff Man.' Uncharacteristically, he was telling the truth."
Economist Paul Krugman. (photo: Nurphoto/Getty Images)
Why Is Trump a Tariff Man?
08 December 19
lmost exactly one year has passed since Donald Trump declared, “I am a Tariff Man.” Uncharacteristically, he was telling the truth.
At this point I’ve lost count of how many times markets have rallied in the belief that Trump was winding down his trade war, only to face announcements that a much-anticipated deal wasn’t happening or that tariffs were being slapped on a new set of products or countries. Over the past week it happened again: Markets bet on an outbreak of trade peace between the U.S. and China, only to get body slammed by Trump’s declaration that there might be no deal before the election and by his new tariffs on Brazil and Argentina.
So Trump really is a Tariff Man. But why? After all, the results of his trade war have been consistently bad, both economically and politically.
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