From The Hill:
“The biggest threat in history to United States National Security would be a negative decision on Tariffs by the U.S. Supreme Court. We would be financially defenseless,” the president wrote in an early morning Truth Social post.
Is that a threat? Anyway, seems like a lot o ftrade policy uncertainty…
Figure 1: EPU-trade from Baker, Bloom and Davis (blue, left scale), and Trade Policy Uncertainty from Caldara et al. (red, right scale). Source: policyuncertainty.com and Iacoviello.com.
