Milton Friedman Disproved Trump’s Argument for Tariffs Decades Ago

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Commerce Secretary Howard Lutnick appeared before the House Appropriations Committee on Thursday, fielding questions about the current presidential administration’s trade strategy. Rep. Madeleine Dean (D–Penn.) pressed Lutnick about President Donald Trump’s “chaotic tariff policy.” She held up a banana, imports of which are currently taxed at 10 percent. “Walmart has already increased the cost of […]