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Economists may think Donald Trump urgently requires a crash course in Economics 101 since the extraordinary tariffs he imposed on most of the world on April 2, “Liberation Day” are incompatible with almost any economic logic —including the 46th President’s expectation of higher revenues to finance tax cuts for his billionaire cronies. But putting aside these motives and inchoate comments about the “unfairness” of trade deficits, everything begins to make sense when the tariffs are viewed from a political angle. As businesses nervously calculate the costs of Liberation Day, Mr Trump’s core Maga supporters are cheering.
Mostly blue-collar and often
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