https://amgreatness.com/2018/07/29/a-tentative-trade
Ever since President Trump launched a so-called trade war back in January, the expert political class has been in a tizzy.
Economists warned that U.S.-imposed tariffs aimed at Canada, China, and the European Union would devastate the economy and destroy millions of jobs. Politicians on the Left and the Right condemned the president; some congressional Republicans are threatening to limit the president’s future authority on trade policy. Pundits claimed (hoped?) the measures would most hurt Trump supporters in red states.
But Trump’s latest sucker punch to the expert political class follows a familiar pattern that Our Betters still haven’t figured out. They are the unwitting sparring partners in the president’s entertaining rope-a-dope. Trump makes a hasty, impetuous comment or policy announcement and various experts howl that it will fail and commiserate about the president’s stupidity. Pundits warn it will yield harsh political consequences. The public catches on to a problem it didn’t know existed. The president’s foes capitulate; public views it as a win. Expert political class loses again. (See “Trump will never get 3 percent economic growth” predictions as the most recent example.)
Europe Comes to the Table
Admittedly, it is too soon to say whether the United States will prevail in Trump’s hardline trade gambit, but he can already claim one victory: After referring to the European Union as a trading “foe”—and unleashing the usual chorus of naysayers—Trump issued a joint statement with European Commission President Jean-Claude Juncker pledging to resolve long-standing trade disputes.
“This is why we agreed today to work together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods,” the statement reads. “We will also work to reduce barriers and increase trade in services, chemicals, pharmaceuticals, medical products, as well as soybeans. This will open markets for farmers and workers, increase investment, and lead to greater prosperity in both the United States and the European Union. It will also make trade fairer and more reciprocal.”
Score another one for—as expertise expert Tom Nichols calls them—“Trump and the Know-Nothings who support him.”