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Trump’s tariffs are bad policy, but they’re following Machiavelli’s playbook: 1. Levy giant tariffs (a bad news week!) 2. Make one small deal with one country (a good news week!) 3. Repeat (2) as needed. 4. Result: Overall tariffs stay high (unpopular) but with net positive news coverage anyway.
May 9, 2025, 6:36 PM