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E&S Review |
Data manipulated by these statistical methods are frequently revised without clear notification to the public, especially when administrations or public policies change.
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Invisible Hand Laughs at The Art of Deal
Reality is setting in that the Trump tariffs are not just talk. They are a key part of Trump's Administration's economic agenda and will likely be levied in the "very near future", said President Trump on Monday. The discussion included foreign-produced semiconductor chips, pharmaceuticals, steel, copper, aluminum, and possibly more. "If you want to stop paying the taxes or the tariffs, you have to build your plant right here in America," he said.
While his America First supporters are cheering the "Art of the Deal", they clearly are not students of history, empires, and the economic cycle. The idea of protecting US interests through brinksmanship and tariffs has drawn comparisons to playing 2-D chess, while his opponents struggle to compete at checkers. The notion that tariffs will change or solve anything is laughable. This chess game, if played, has a very good chance of ending badly if emotions and ego take over.
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