The President provided a contender for most ignorant tweet this morning, as he makes a proposal that would disrupt the global economy.
President Trump has announced that he’ll be imposing significant tariffs on steel and aluminum imports. This is an unwise decision.
I am going to construct a complicated mathematical model of the economy, and then I’m going to calibrate it using some actual data, and in the end I will be able to tell everyone how much better or worse off they are given various changes in the economy. And it will be totally and completely true. Trust me, it’s math and therefore science.
Trump’s attempt to fix the balance of trade will almost surely end up leaving us all worse off.
Yet another example of why Trump and his views on Trade and the economy are contradictory and even incoherent. Not only should Trump be building his Great Trump Wall™ in Mexico he should be furiously working against any and all foreign investment in the U.S.
Yet more incoherent economic policy from the Tweeter in Chief. A border tax will mean that Americans will undoubtedly pay for at least part of the Great Wall of Trump™.