By Ratchadaporn @Adobe Stock
A friend of Roger Kimball’s observed that Trump’s tariffs are less a matter of economic policy than they are a matter of statecraft. In an interview with Tucker Carlson, Trump’s Secretary of the Treasury Scott Bessent discussed the president’s strategy. The Trump administration’s aim is to strengthen the middle class by helping to get spending under control.
To achieve that end, the administration is looking to equalize the international economic playing field. The big question is, who knows if it will work. Only time will tell. And as Mr. Kimball notes, it won’t be a lot of time. Kimball concurs with Bill Ackman that Donald Trump is playing a risky game.
Like many Americans, hedge fund manager Bill. Ackman, never shy with his opinions, would not bet against Trump.
“The more that markets support the President and his strategy, the higher the probability that he succeeds, so a stable hand on the trading wheel is a patriotic one.”
An important characteristic of a great leader [Ackman continues] is a willingness to change course when the facts change or when the initial strategy is not working. We have seen Trump do this before. . . . Trump cares enormously about our economy and the stock market as a measure of his performance. If the current strategy works, he will continue to execute on it. If it needs to be tweaked or changed, I expect he will make the necessary changes. Based on the early read, his strategy appears to be working.
Bill Ackerman exhorts the public, “Let’s help him succeed. It’s the least we can do.”
If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.
