Oren Cass, chief economist at American Compass, tweeted (or is it “Xed?”):
Fun quirk of the free-trade talking points is that tariffs are counterproductive and you pay them yourself…but also don’t impose them because you’ll face retaliatory tariffs that you’ll have to pay.
Cass seems to think that there’s a contradiction. There isn’t.
Keep reading with a 7-day free trial
Subscribe to I Blog to Differ to keep reading this post and get 7 days of free access to the full post archives.