Michael Gapen Critiques Trump’s Tariff Policy Overhaul, Comparing it to Historical Shifts

Economist Michael Gapen issued a scathing critique of President Trump’s recent announcement regarding trade policy changes. He likened the magnitude of these changes to historical shifts that have reshaped the U.S. economic landscape since the 1970s. Gapen highlights that these tariffs will drastically alter the nation’s tax and trade structures, similar in scope to the impact caused by President Nixon’s withdrawal from the gold standard.