Robert J. Samuelson correctly observes:
“The gap between
how the economy actually works and how we’d like it to work is a breeding
ground for discontent and desperate policy agendas. For our economic ills,
Trump blames foreigners — immigrants and imports — along with the American
officials who, over the years and according to Trump, engineered disastrous
policies.
This is mostly
wrong, as perhaps Trump is learning. His various tariff proposals seem to be
causing as much or more grief among the U.S. firms they’re supposed to help as
among the foreign firms they’re supposed to hurt. …
What we all should
be learning is that there’s a big difference between economic nostalgia and
economic policy”.