The ghost of Ronald Reagan has spooked Trump over tariffs | Sidney Blumenthal

Contributing sentiments towards policy:

53% : Everything is a zero-sum game, not just international trade.
51% : Granting Trump his boneheaded economics, assuming he’s just a crude real estate operator who does not know the most basic things about international trade, may lend his primitivism a patina of dumb clumsy earnestness.
44% : In late May, the US court of international trade held that most of Trump’s tariffs were “contrary to law”.
35% : Contrary to Trump’s stubborn ignorance, however, trade deficits are not a mercantilist zero-sum game and tariffs are not a tax on foreign countries.
33% : The Organization of Economic Co-operation and Development projects that as a result of Trump’s tariffs the US Gross Domestic Product growth rate will fall from 2.8% in 2024 to 1.5% in 2026 – a decline of nearly half.Trump’s atavistic return to the Republican protectionism of the 1930s, which deepened the Great Depression, rejects the lessons that Ronald Reagan sought to teach.

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