WASHINGTON—“Don’t be a PANICAN,” President Donald Trump cautioned on social media. Critics have questioned the universal tariffs he unleashed last week, and Americans have had to steel themselves before checking the balance of their 401(k)s.
The Trump tariffs came fast and larger than expected. The markets responded.
Now Republicans and Wall Street big shots find themselves defending an economic approach that was anathema to them not long ago. But the world has changed.
“Their export-based economy is, I think, beginning to hit the end of its course,” Chuck DeVore of the conservative Texas Public Policy Foundation opined over the phone Monday.
After years of manufacturers quitting the USA, tariffs could be good for national security.
My favorite sound bite in favor of Trump’s tariffs came from Commerce Secretary Howard Lutnick on “Face the…
