Tariffs are stupid, self-defeating
A Wall Street Journal editorial described President Donald Trump’s tariffs as the “dumbest trade war in history.” It’s important not to overrate intelligence, even in leaders. Judgment and maturity may be more crucial. But Trump is no ordinary dunce. He displays a stubborn stupidity that threatens to plunge the world into chaos and potentially into depression. It should go without saying that our constitutional system was never meant to be so vulnerable to the whims and fantasies of one man. Nothing as critical as the entire world trading system or the maintenance of the NATO ...