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Trump/Brazil: Delusions of Grandeur Go South

Statue of limitations. Note: Trump announced a bunch more tariffs, some very high, late yesterday. Everything suggests that this is the new normal, unless the courts rule (as they should) that everything has been illegal.

Everything suggests that this is the new normal, unless the courts rule (as they should) that everything has been illegal. I'll have a full analysis of the economics of Smoot-Hawley 2. 0 in Sunday's primer.

0 in Sunday's primer. As I said yesterday, Donald Trump isn't "winning his trade war. " He's imposing a lot of tariffs, and so far nobody has stopped him even though his actions are clearly illegal.

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