#TradeWar
The Art of the Trade War
#TradeWar
The Art of the Trade War
Trade wars are like awkward family feuds, but instead of yelling at Thanksgiving dinner, politicians slap each other with tariffs like they're in a passive-aggressive game of economic dodgeball. One country raises steel tariffs, another retaliates with a cheese embargo, and suddenly world leaders are arguing over dairy like it's a geopolitical episode of MasterChef. Meanwhile, politicians give dramatic speeches about "protecting national interests," which loosely translates to, "We have no idea what we’re doing, but it sounds patriotic." In the end, nobody wins—except maybe smugglers and black market avocado dealers.
Economist's Shock: Trump Tariffs Built on Flawed Research
- Tuesday, 08 April 2025
A University of Chicago Economics Professor, Brent Neiman, was surprised to find that President Donald Trump used his research as a basis for imposing tariffs on 60 countries. Neiman had initially questioned how the administration calculated such large rates and discovered the answer when the Office of the US Trade Representative released its methodology, citing an academic paper he co-authored with four other economists. However, Neiman claimed that the calculation was "very wrong."
