Economists across the political spectrum predicted that President Trump’s trade negotiations would end in disaster.
Now that his Aug. 1 deadline has passed without the sky falling — and with multiple advantageous deals completed — it’s time to seriously re-evaluate the flawed arguments the experts made against his strategy.
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Many, it turns out, made basic errors in economic reasoning.
On the left, Nobel laureate and Columbia professor Joseph Stiglitz declared in January that Trump’s policy was “very bad for America and for the world,” while University of Michigan economist Justin Wolfers called it “impressively destructive.”
On the right, prominent free-market advocates like George Mason’s Donald Boudreaux also voiced strong opposition.
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