Comment by ethbr1
6 days ago
In this case it's not Trump but Peter Navarro [0] who doesn't understand how tariffs work, because he's apparently never looked into multiparty game theory.
Exhibit A: Navarro being sidelined and Scott Bessent put in charge of running tariff negotiations, after the bond markets spooked.
No it's Trump. If it wasn't made clear to you during his first term that he doesn't understand tariffs or trade deficits, he spent most of 2023 and 2024 campaigning and showing you he doesn't understand it.
Trump doesn't understand most things he does, hence why his advisors have so much power over outcomes, and policies shift as different advisors fall in and out of favor.