Economics Professor's X-Rated Take On Trump Trade Move Stuns Nicolle Wallace
HuffPost
“Well, you’ve left me a little speechless," the MSNBC anchor admitted to University of Michigan's Justin Wolfers.
An economics professor’s X-rated analogy for Donald Trump’s latest trade maneuver left MSNBC’s Nicolle Wallace temporarily at a loss for words on Wednesday.
Trump last week said he’ll soon write to foreign countries to set unilateral tariff rates. It comes as the U.S. has so far signed just one of the 90 trade deals that was promised within 90 days of Trump’s so-called “Liberation Day,” when he announced plans to hike tariffs on imports from countries worldwide.
University of Michigan’s Justin Wolfers told Wallace:
“So, Nicolle, I don’t know if I’m allowed to say this on television, but sending a letter is to making a trade deal as masturbation is to sex. You’re not really involving the other party at all, and you’re not really figuring out the ways to exploit the gains from trade.”
“We didn’t need this whole mess,” the economist added. Trump “didn’t need to impose high import taxes on Americans. If all he wanted to do was send people letters, we could have done this 90 days ago.”
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