Abundance vs. equity in MAGA’s high-stakes tariff game  

What does victory look like in the tariff wars?

If you ask Treasury Secretary Scott Bessent, it’s already happening. “More than 50 countries have approached … the administration about lowering their nontariff trade barriers, lowering their tariffs, stopping currency manipulation,” he said Sunday.

National Economic Council Director Kevin Hassett sounded a similar note, suggesting that the gain from short-term pain for Americans will be, essentially, Milton Friedman’s ideal world...