Most of what happened today is obvious. And I’m no expert on macro- or international economics. But allow me a few observations. Start with the obvious: Trump rolled out an absurd policy which on its own terms would need to be held to for years to have any hope of success. After repeated pledges never to relent, he caved after one week. He now looks like an even bigger fool and menace on the international stage than he already did which is a feat of some magnitude. I also doubt he undid the damage he’s done to himself domestically as a custodian of the nation’s prosperity. Perhaps most of all he looks weak, reckless and stupid.
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