In this week’s episode of The Glenn Show—now available to full subscribers—economist Rajiv Sethi points out an interesting effect of Trump’s tariff threats. They’re already negatively affecting foreign markets in Asia, Europe, and Canada, while American markets and firms—even those that would be vulnerable to a trade war—are holding steady. In this post-show bonus episode, Mark, Nikita, and I discuss whether Trump’s gambit—threaten to enact a policy that will harm everyone in order to extract concessions from trading partners—shows him to be a belligerent madman or a canny, rational negotiator.
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