From Peter Coy, in New York:
“If you liked what Trump did on the economy the first time, you’ll like what he does the second time,” Stephen Moore, an unpaid senior economic adviser to the Trump campaign, told me. “He wants to hit the ground running. He feels like time is running out.
“The difference between Trump and Reagan, and I worked for both, is that Trump is not particularly ideological,” Moore said. “Reagan was ideological. Trump is a businessman. When you discuss issues with him, he uses common sense.
Moore said Trump doesn’t always follow through on his threats to raise tariffs, which he uses as leverage “to get other countries to do what is in the national interest of the United States.” Under Moore’s theory, tariffs might not be much higher under Trump than under Biden. Then again, Trump once tweeted, “I’m a tariff man.”
More Stephen Moore predictions. This list does not include Mr. Moore’s February 2024 characterization of AARP as “the most evil left-wing organizations in America” in the video. here.
As for tariffs – one of the few economic policies Mr. Trump has actually followed – CAP made the following chart regarding the tax on imported goods, which would result in a 10% tariff on all imported products.
Source: CAP.
