The grandeur of Trump’s tariffs
The first thing revealed by the high and wide-ranging new tariffs President Trump announced on “Liberation Day” is just how limited other recent American presidents have been in their thinking. Their ambition was to get elected and re-elected, then retire comfortably into a tranquil post-presidency. They would finish their days lending their names to charities and writing their memoirs (or rather, commissioning ghostwriters to fulfill their publishing contracts). The idea of destroying and remaking the global economic order never crossed their minds. But Trump is thinking bigger. He doesn’t want to go to his grave as just another has-been ex-president.