The Perils of the Democrats’ Trade Strategy

The Perils of the Democrats’ Trade Strategy

The chaos instigated by Donald Trump’s ever-shifting tariff regime has magnified America’s increasing polarization over trade policy. Convinced that now is the moment for Democrats to adopt a clear line of attack, some influential commentators are urging the party to become the new standard bearer of general openness to global commerce. The temptation to do just that has been reinforced by several factors. From tumbling Wall Street stocks and fr…

‘Liberation Day’ Illustrated the Peril of Plans

By sticking too rigidly to his plans for implementing tariffs, Trump failed to develop the leverage he needed for those plans to work.