Trump, Adamant on Benefits of Tariffs, Risks Echoing Biden-Era Promises of ‘Transitory’ Inflation

‘There’ll be a little disturbance, but we’re OK with that,’ President Trump reassures.

Evan Vucci-Pool/Getty Images
President Biden addresses the nation from the Oval Office on July 24, 2024. Evan Vucci-Pool/Getty Images

Will the second Trump administration come undone by an economic policy based on what the British military historian Lawrence Freedman, describing President Putin’s rationale for invading Ukraine, calls “tendentious history”?

This week, it started to look like the answer might be yes.

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