'Damage could be profound': Economist warns Trump has laid 'trap' for auto industry

President Donald Trump's tariffs may seem at first like a godsend for the U.S. auto industry, which has struggled to compete with foreign automakers for decades, but Brian Deese warned in The New York Times that Trump has actually put them into a "Luddite trap."

And the "damage to our economy and national security could be profound," he said.

This alert by Deese, an economist and former adviser to the Biden administration who helped organize the auto bailout in the aftermath of the 2008 financial crisis...