I keep hearing Trump apologists (Trump-splainers) argue that he loves free trade. That these tariffs are just a negotiating tactic to get tariffs lower all around. I might give that some credence if he didn't regular refer to any purchase of foreign goods as a "loss" for America.
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Replying to @CliffordAsness
Do subsequent headlines lead you to update your priors, or did Trump just luck out here? How much negative alpha before “Trump doesn’t have an intuitive grasp of game theory” gets retired as a signal?
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Replying to @matthews_bd @CliffordAsness
BD Matthews Retweeted Clifford Asness
To my shame, I didn’t see that he’d already partially hedged his exposure. Good stuff!https://twitter.com/cliffordasness/status/1022226678637109248?s=21 …
BD Matthews added,
Clifford AsnessVerified account @CliffordAsness
OK, if we actually get to zero tariffs across the board both ways I'll happily admit I was wrong and apologize! (though I still don't think he gets what a trade deficit is)
https://www.bloomberg.com/news/articles/2018-07-25/trump-juncker-reach-deal-to-ease-trade-tensions-dow-jones-says-jk1jtfs8 … https://twitter.com/CliffordAsness/status/1022126552530804736 …
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