Trump’s Tariff Fantasies Risk Economic Pain and Global Peril - Spencer Fernando

Trump's tariffs are also very harmful to the United States, according to the economist.

There are few combinations more dangerous than ignorance and absolute power. And this is precisely what the world has just witnessed with enormous astonishment: here is a man, Donald Trump, who does not understand the most basic fundamentals of economics and who makes decisions that will affect and complicate the fate of millions and millions of people. To justify his mind-boggling tariffs, Trump has delivered a speech on trade policy so full of…

Trump’s Tariff Fantasies Risk Economic Pain and Global Peril - Spencer Fernando

The U.S. President is economically illiterate. It gives me no pleasure to write that, given the implications. But it is undeniable at this point. The leader of the world's largest economy truly believes that mutually beneficial trade doesn't exist, and that any trade, whether between individuals or nations, must involve one party taking advantage of the other. He believes there must be a winner and a loser in every transaction. He believes havin…