| The WSJ says this is the "the dumbest trade war in history" because "when you tax something you get less of it". If the goal of the Red Hats was to get more goods from Canada and Mexico, then yes, tariffs would be a dumb policy. But the Red Hats aren't dumb. They've been planning this blitzkrieg for at least 18 months. They have thousands of intelligent people on their team and they're well organized. It's too easy to just dismiss this as ignorance, hubris and ego. If you recognize that they're not dumb, that they know exactly what they're doing, then they must be pursuing different and mostly hidden objectives for this to make sense. Once the hidden objectives are revealed, we'll all recognize the horrible logic of their actions. > Will take a decade to recover the goodwill lost this week. Indeed. All according to the plan. |