The Great Trade Reversal: Trump’s Tariffs Are Gaining Fans in Academic Economists
President Trump has long believed that America’s economic leverage has been systematically squandered by its own ruling class . For this he has been accused—by economists, editorial boards, and the entirety of Davos—of misunderstanding trade. But the latest word from the economics profession is… not so fast.
A new CESifo working paper , blandly titled “Making America Great Again? The Economic Impacts of Liberation Day Tariffs,” lands with all the drama of a footnote—until you read what it actually says. If the U.S. can impose tariffs without sparking retaliation…
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