The Coming Economic Nightmare
Trump’s tariffs could cause stagflation for the first time in decades. It may go on for a long, long time.

Trump’s tariffs could cause stagflation for the first time in decades. It may go on for a long, long time.
The David Frum Show speaks with former Acting Attorney General Peter Keisler about existential threats to the rule of law.
The Federal Reserve chairman, Jerome Powell, is that someone.
Plus: an interview with Ontario Premier Doug Ford
Rahm Emanuel and Trump’s tariff chaos
Trade barriers will make U.S. goods more expensive to produce, costlier to buy, and inferior to the foreign competition.
Canada’s ultimate retaliation for Trump’s tariffs will be to turn ordinary Americans who cross the border to shop for cheaper goods into latter-day bootleggers.
The Atlantic is launching a new weekly show, hosted by staff writer David Frum.
They voted for the tariffs when they voted for Trump.
Canadian and European leaders push back against the U.S. because they have to listen to their voters. Mexico’s leader faces no penalty for ignoring hers.