I was promised an all-out trade war by Trump, and all I got was a lousy 10% tariff on China, and promises of a concept of a plan for reciprocal tariffs. Well, maybe re-arranging my syllabus will still pay off, if Trump gets his act together for destroying the post-War liberal economic order. Notes for a Trade War (cf. Blanchard, Macroeconomics, latest edition).
Speaking of being disappointed, I’m still waiting for “Infrastructure Week”. By the way, did Covid disappear by Easter, 2020?
Just a reminder what happened to manufacturing jobs last time around (Russ and Cox, 2020).