5 ms·
Exactly. And the clear proof is the ridiculous dance around tariff policy. Tarrifs were a clear fait accompli, promised in the campaign and scheduled the mome
by ajross 2y ago
Exactly. And the clear proof is the ridiculous dance around tariff policy. Tarrifs were a clear fait accompli, promised in the campaign and scheduled the moment the administration took office. Then the market tanked right as they were about to take effect. Then there was a delay! Then they were only going to apply to goods not covered by NAFTA^H^H^HUSMTC! Which is all goods, basically. So no tariffs. Except they're still on the books.
That's not a rationalist trade policy. At its most charitable, it's a failed attempted at brinksmanship. More likely it's just not understanding how markets work and in particular how that is reflected in the stock market (which, if not "rationalist" per se, is a lot more so than the administration). Incompetence either way.