Supply-Side Economics

[finnbow]

The Wall Street Journal editorial page on Trump's pending trade war:

Donald Trump made the biggest policy blunder of his Presidency Thursday by announcing that next week he’ll impose tariffs of 25% on imported steel and 10% on aluminum. This tax increase will punish American workers, invite retaliation that will harm U.S. exports, divide his political coalition at home, anger allies abroad, and undermine his tax and regulatory reforms. The Dow Jones Industrial Average fell 1.7% on the news, as investors absorbed the self-inflicted folly.

I'm still waiting for Whell to chime in about some idiotic economic theory he found on the back of a cocktail napkin that proves the wisdom of Trump's trade folly.