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There is no cunning theory behind Trump’s tariff plan

The White House cited my classmate’s economic research to justify its reciprocal tariffs – it got the maths wrong. But it gets worse.

It is difficult to find an intellectual rationale for Donald Trump’s tariffs. Rachael Bolton

I am, for my sins, an academic economist. And there’s an old saying in my game. “He got the maths right because, well, he’s not an idiot. But I have a problem with the interpretation.” That’s the polite way to criticise another academic economist.

This time, the academic economists in the White House, such as they are, got the maths wrong. Draw your own conclusions.

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Richard Holden
Richard HoldenEconomics professorRichard Holden is Scientia Professor of Economics at UNSW Business School. Connect with Richard on Twitter.

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