Conversation

Trump claims tariffs:
1. Won’t increase prices, b/c foreign producers will absorb the cost
2. Will cause a large shift in U.S. demand away from imports to domestic production
3. Will raise huge amounts of revenue

Makes no internal sense, Krugman explains.
https://paulkrugman.substack.com/p/stop-looking-for-methods-in-the-madness?utm_source=substack&publication_id=277517&post_id=160404589&utm_medium=email&utm_content=share&utm_campaign=email-share&triggerShare=true&isFreemail=true&r=riq9&triedRedirect=true