Very important article by on why there hasn't been more pushback against Trump's trade war; it highlights the key role of de facto bribery and intimidation 1/
Trump's Trade War has not yet elicited a massive public outcry. The "why" is in the details. My latest
"The outcry has not been at all proportionate to the possible damage Trump is inflicting on the economy," writes.
"The outcry has not been at all proportionate to the possible damage Trump is inflicting on the economy," writes.
The way the tariffs were structured explains why the negative effects have largely gone unnoticed - but this won't last forever and by the time people start yelling, it may be too late.
"For several thousand $, a company can get lawyers to beg the administration to remove the Chinese import they need to buy from the tariff list...[E]xclusions can be an economic lifeline—but pushing for one is incompatible with criticizing...trade policy."