They’re both wrong. Who is? Trump supporters who’ve long defended mindless tariffs, along with economists wisely against mindless tariffs, but who now claim they didn’t really mean what they said about President Trump’s tariffs at the time.
Take a recent letter-to-the-editor at the Wall Street Journal by economists Scott Burns and Caleb Fuller, professors respectively at Southeastern Louisiana University and Grove City College. Among other things, they write that “Higher import costs give consumers less bang for their buck.” Yes, very true.
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