We all know that Trump loves tariffs, so it should come as no surprise that he is now advocating for a ten percent levy on all imports–even from friendly countries. If implemented, this would be an enormous tax increase (supposedly despised by Republicans) that would cause inflation (ditto) and strain our relationships with our allies (of course, Trump doesn’t think we have any, except Bibi, MBS, and Putin). In addition, given our current labor shortages, there would be no way to find workers for the new industrial jobs he contemplates without a massive increase in immigration. So there!
This is about as close to economic insanity as you can get. The base will probably love it, though. So would Juan Peron. Let’s make America Argentina again.