[jhanschoo]

Indeed, Paul Krugman has been doing the rounds on podcasts recently and he seems to think that Trump is doing tariffs and trying to eliminate trade imbalances because he has always had that idea of doing tariffs and thought that trade deficits were being taken advantage of, and the talk about a greater strategy are post-hoc rationalizations. Sometimes a simple person has a simple reason divorced from complicated reality.

[pstuart]

Trump thinks he can replace income taxes with tariffs: https://www.cnn.com/2025/02/20/economy/trump-abolish-irs/ind...

Punishing other countries is just a bonus.