A Case for 'Too Big To Fail' Obsession Leading to Tariffs

A Case for 'Too Big To Fail' Obsession Leading to Tariffs

Nicole Gelinas, City Journal Past presidents were too afraid to withstand any pain from allowing markets to help adjust the economy.

How “Too Big to Fail” Led to Trump’s Tariffs

Today, we’re looking at the consequences of America’s obsession with bailouts, San Francisco’s drug policy shift, President Trump’s executive order on museums, and New York’s stalled budget negotiations.

European Trade Commissioner Maros Sefcovic returns this Monday to Washington to try to negotiate – “in good faith,” according to Brussels – a way out of the trade war unleashed by Donald Trump and which, the European Union insists, will only harm companies and citizens “on both sides of the Atlantic.” But behind the famous pacifying smile of Slovak, a diplomat by profession and the veteran commissioner of Ursula von der Leyen’s team, is also hid…