It’s not the economy, stupid. That’s not why Trump tariffs the world

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Open this photo in gallery: President Donald Trump, centre, salutes while inspecting the troops during the 60th presidential inauguration in Emancipation Hall of the U.S. Capitol, in Washington, on Jan. 20.Alexander Drago/Reuters Brandon Schaufele is an associate professor of business, economics and public policy at Ivey Business School. Donald Trump’s so-called Liberation Day dawned with a barrage of tariffs aimed at restructuring global trade. In a dramatic Rose Garden announcement last week, the U.S. President issued a “declaration of economic independence,” unveiling a 10-per-cent blanket tariff on all imports and additional levies on dozens of countries, including China, the EU...