News Snapshot:
While much of the American electorate debates Donald Trump’s culpability on 91 criminal charges, economists are enduring post-traumatic flashbacks stemming from the trade war Trump perpetuated when he was president — because Trump wants to go even further if he wins a second term. With the 2024 primary elections about to get underway, Trump’s policy proposals for a second term are starting to draw serious scrutiny. One of them is a new 10% tariff on nearly all imports to the United States— which total roughly $4 trillion per year — as part of the most protectionist agenda since the 1930s....