On Trade, Trump 2.0 Won't Be Like Trump 1.0—for Better and Worse [Yahoo! Finance]
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to examine how U.S. trade policy might change during a second Trump term—and what'd happen to the U.S. and global economies as a result. What follows is not simply me screaming “ABANDON ALL HOPE YE WHO ENTER HERE” 500 times but is instead my best, most sober guess—the usual caveats about staffing and events notwithstanding—for how a future Trump administration and global market players will try to balance the once-and-future U.S. president's, ahem, unique affection for tariffs with their own economic and geopolitical realities. In general, yes, things will get worse and more costly—but they probably won't be as bad as the worst-case scenarios lay out because markets will adapt and in some ways are much better prepared to adjust to however the DJT wrecking ball smacks into the global economy. The bigger and scarier question, however, is what happens after they do. (This is gonna be pretty long, so if you already read Capitolism a lot, great job and please feel free to skip the first
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