Tariffs and trade are not side issues, but a central front in the battle against monopoly power—and for self-government.
Donald Trump’s tariffs are a devastating blow to America, akin to the Covid-19 pandemic in their scope. They will spike consumer prices, hurt small businesses, bankrupt farmers, and have long-lasting extremely damaging macro effects. But there’s another risk, too: that the Trump vortex is warping public debate over trade, sovereignty, and industrial policy.
