Trump’s Tariff U-Turn (with Justin Wolfers)
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The Impact of Trade Decisions on Market Volatility
This chapter explores the impact of Donald Trump's trade actions and rhetoric on market responses, illustrating the contradiction between short-term optimism and long-term consequences. Using a metaphor of burning down a house, the discussion reflects on the severe losses in market value and questions whether any potential rebound can truly compensate for the damage done.
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