On Tariffs, Hold the Hysteria
4th March 2018
John Hinderaker at PowerLine calls time out.
President Trump said last week that he intends to use powers granted him by Congress to impose import duties on steel and aluminum. That was all it took for the press to become free traders. Gloom and doom are everywhere, as reporters gleefully tell us how our trading partners are planning to retaliate and how Trump’s tariffs will damage the economy. I don’t recall a similar reaction when it was Democrats who were the leading protectionists.
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This is all about President Trump, of course. If Trump came out for a big increase in the minimum wage, the Washington Post would suddenly realize that it would increase unemployment among minority youths.