Every tariff is a trade deal. President Trump has been talking about unfair trade deals for some time, but apparently people like Mr. Kudlow must think that a trade deal must be turned into an acronym to be considered a real trade deal. Too much big picture, Mr. Kudlow. Get out of DC or NY or wherever you have cocooned yourself and get a refresher with the real world.
Larry Kudlow has more economic knowledge in his little finger than the combined knowledge of his critics in here.
Trump is wrong on this one, just as Reagan was. Hopefully he’ll recant and avoid the prospect of a trade war.
Until he does, beware the stock market. It really doesn’t like this sort of messing around.
Targeted tariffs imposed on certain raw materials do nothing but pit one U.S. industry against another. I don’t see how protecting Alcoa and U.S. Steel to the detriment of Ford and Carrier makes any sense from an economic perspective.