In a Presidents’ Day memo, the White House trade hawk says the so-called experts got it wrong again. Inflation falling. Labor markets steady. Growth solid. Navarro argues this didn’t happen despite tariffs—but because of them.
His thesis: while U.S. importers may write the check at Customs, foreign exporters bear the real economic pain through price cuts, margin compression, currency shifts, and lost volume.
In short, nations dependent on U.S. consumers are “eating the cost.”
The message to WSJ’s editorial board? Read your own newsroom reporting.
Good Night, Patriots!
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