Nobody expects the tariff imposition

Quite wonderful find by this FT team. A Chinese small business that makes MAGA merch on.ft.com/4cAH6tE

Pundits are - in vain - looking to economics and politics when trying to explain Trump's behavior.

But, in reality, the central place to look if we want to understand Trump and his policies is this:

The psychology of dominance.

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Donald Trump has committed the most profound, harmful and unnecessary economic error in the modern era. Almost everything he said—on history, economics and the technicalities of trade—was utterly deluded econ.st/3YbbFjq

I was going to get the train today. But I am increasingly concerned at the deficit I’m running with Great Northern Rail. I buy a lot from them and they purchase nothing from me.
Tempted to apply a 20% tariff. Sure my tickets will cost 20% more but it might mean I buy fewer and reduce the deficit.

This, from Timothy Snyder, is definitive, on Greenland open.substack.com/pub/snyder/p...

If you accept that non-citizens have no right to due process, you are accepting that citizens have no right to due process. All the government has to do is claim that you are not a citizen; without due process you have no chance to prove the contrary.

Ange “Ex post”-ecoglou

NEW: The actions of Trump and Vance in recent weeks highlight something under-appreciated.

The American right is now ideologically closer to countries like Russia, Turkey and in some senses China, than to the rest of the west (even the conservative west).

My column: www.ft.com/content/3046...

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