Unintended consequences


I get that Trump is too stupid to understand that his tariffs (a) will be paid by American consumers, (b) will drive inflation and (c) will prevent future Fed rate cuts. 

But there are other negative consequences:

“While Wall Street frets about potential volatility from President Trump's April 2 “Liberation Day” plans, another part of America is also bracing for more possible chaos: US ports.

“If the president next week imposes sweeping new duties on America’s top trading partners, that could place a significant new burden on ports of entry from coast to coast, which act as conduits for a wide variety of goods critical to the global economy.”

The 1% doesn’t care about “Liberation Day,” but they’ll care about recession caused by predictably stupid Trump policies. 

https://finance.yahoo.com/news/how-the-rollout-of-trumps-reciprocal-tariffs-could-become-an-absolute-nightmare-at-us-ports-080042120.html

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