Trump’s Iran War Will End When He Declares Victory – The Only Question Is When
HuffPost
Economists warn that even if that happens quickly, the damage to the American businesses and consumers could last months, years or even indefinitely.
WASHINGTON – When will Donald Trump declare victory in Iran?
The answer to that question could determine whether it’s a few days, a few weeks, a few months or even longer that American service members remain in harm’s way and gasoline prices at home stay close to or above $4 a gallon.
Trump has famously backed down from previous pronouncements when economic calamity threatened – a process that has even earned the nickname TACO, for “Trump always chickens out” – but economists and national security experts warn that even if that were to happen with his Iran war, much damage has already been done and will not easily be undone.
“Even if this ended today, and it doesn’t look like that, there has already been a large amount of resources expended on the war, the period of high oil prices will take a toll, and I would expect uncertainty to continue elevating oil prices going forward,” said Jason Furman, a top economist in the Obama White House and now an economics professor at Harvard University. “So no matter what, we have and will continue to pay for this.”
Trump White House officials did not respond to HuffPost queries.
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