Right, but it is in large part because of Navarro that Trump thinks universal tarifss are a great idea, since Navarro advocated for them and created credibility for his theories by inventing this fictional "expert".
It gave Trump plausible deniability, he can claim he's just doing what great experts from the academia are advocating. And it gave us the market-crash and global trade-war. It's easy for billionaires to lighten up and have fun, but not for most other people.
Tariffs are a sales-tax, which means poor people have to relinguish a larger proportion of their income to the government, than rich people. It is great wealth transfer from ordinary people to the rich. And one can only conjecture that THAT is why Trump and Navarro advocate for it.
It gave Trump plausible deniability, he can claim he's just doing what great experts from the academia are advocating. And it gave us the market-crash and global trade-war. It's easy for billionaires to lighten up and have fun, but not for most other people.
Tariffs are a sales-tax, which means poor people have to relinguish a larger proportion of their income to the government, than rich people. It is great wealth transfer from ordinary people to the rich. And one can only conjecture that THAT is why Trump and Navarro advocate for it.