@rock4par@JustinWolfers Neither rebuttal is particularly strong. The second is essentially a whataboutism, and the first doesn't really address Wolfers' leverage point.
Aaaaand, just FOUR days later, Trump TACO's and calls the whole thing off. Fuhgeddaboutdit -- No more trade war with Europe.
The U.S. sure taught the world a lesson!
(What was that lesson?)
The most consistent them in Trump's second term has been that every time he leans into his tariff agenda, markets tank, and every time he backs off, they rise. And here's the latest round of uppy-downy to prove the point.
Markets clearly believe that Trump's tariff agenda hurts American businesses.