The beginning of the end of the trading system that built the modern world
Phil Gramm and Donald J. Boudreaux writes: Equities markets roared in anticipation of the deregulation, tax cuts and fiscal restraint the second Trump administration promised. But the tariff war with Mexico and Canada has destroyed that optimism and wiped out the increase in the value of American equities that had accrued since November. On April 2, President Trump plans to take his protectionist policies global. If he does, it will be the beginning of the end of the trading system…