Breitbart Business Digest: Six Months After Liberation Day, Every Economic Prediction About Trump's Tariffs Was Wrong

How Economists’ Central Anti-Tariff Prediction Collapsed - John Carney

What we’re actually seeing is something economists have long theorized as “optimal tariff theory.“ 

• A country with a globally dominant consumer market can employ tariffs to force foreign manufacturers to lower prices to maintain their exports. 
• It can also successfully pressure other countries to reduce their own import barriers by threatening even higher tariffs. 
• Finally, the household sector can force a redistribution from the corporate sector by refusing to accept the pass-through of tariff costs.

Today we look at the rest of the anti-tariff case and how it fares even worse under scrutiny...