Trump is wrong on tariffs

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Amid the “fire and fury” of the first year of Donald Trump's presidency, one consistent source of good news has been the U.S. economy. Unemployment has continued to fall to historic lows, growth has reached rates which “experts” were claiming to be impossible, and the stock market has boomed. A strong economy might even break the ‘blue wave’ in November.John PhelanAnd then the administration started to ramp up a trade war. It is in danger of throwing away its trump card.Free trade is a positive sum game, which makes both parties batter off. They wouldn’t do it if it didn’t. Minnesota, for example, produces more soybeans than it needs. Via trade, Minnesotans are able to exchange the surplus soybeans for other things, such as electronic goods from China...

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Trump is wrong on tariffs

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