Why the Trump Tariff Merry-Go-Round Won't Stop
The president has cited various goals for his disorderly deal-making. He wants to cut bilateral trade deficits, open foreign markets, protect favored U.S. industries and restore manufacturing. He also wants to raise revenue and in some instances simply punish others for a perceived offense. His administration leaps from one rationalization to another to justify the boss's most recent whim. But Mr. Trump won't be pinned down. He believes uncertainty adds to his power and wants the freedom to bully others depending on what has his attention.
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