We’re not living in a Smoot-Hawley world, and smart tariffs will benefit America

that, because they drive up prices, which makes manufacturers and consumers very sad. However, I’m not worried (I’ll explain why) and Michael Lind is even less worried (and he does a great job of explaining why ). I won’t rehash all of Trump’s tariff actions here. I’ll just make three points that are why I’m sanguine about what he’s doing: First, Trump’s focus in pushing tariffs isn’t to benefit specific industries at home, although he certainly hopes they will benefit. That’s been the traditional approach to tariffs. Trump, instead, is using tariffs as a non-military cudgel against foreign nations that...