Trump’s Trade Fight Is Just Getting Warmed Up

Scott Lincicome

An Iron Law of Public Policy is that a wonk’s vacation will inevitably coincide with BREAKING NEWS that demands his attention, and my respite last week was no exception. Indeed, mere hours after Capitolism checked out to spend a few delightful days at a Texas dude ranch(!) with limited cell service, President Donald Trump lashed out at a journalist’s question about the “TACO trade” on Wall Street—the view that Trump Always Chickens Out on his tariff threats.