Trump's Tariff Policy Will Go Down In History

Trump's Tariff Policy Will Go Down In History

Desmond Lachman, AEI Trump's import tariff policy, along with his budget policy, will go down in history as among the more serious macro-economic policy mistakes in the post-war period.

Trump Import Tariff Policy Follies

When Edward Heath, a man with angular facial features was elected as the United Kingdom’s prime minister, the London Times’s cartoonist was asked for his reaction. He replied that as a private citizen, he mourned but as a cartoonist, he rejoiced. I might say something similar about Donald Trump’s import tariff policy. As a private citizen, I mourn about the cost it will inflict upon the US and world economies. However, as an economist, I rejoice…