President Donald J. Trump’s trade deal with the European Union has been hailed as among the most consequential trade deals in history — securing massive investments, finally addressing the lopsided trade deficit, securing new market access, and more.
It’s just the latest example of just how wrong President Trump’s critics have been — a fact highlighted by the New York Post’s Miranda Devine in a new op-ed:
“When President Trump nailed the biggest deal in history on Sunday with the European Union on trade, you could almost hear the sound of egg splattering all over the faces of experts across the Atlantic.
Economists, Democrats and Never-Trumpers have confidently predicted economic doom and gloom, ever since the self-proclaimed Tariff Man declared April 2 as ‘Liberation Day,’ fulfilling his long-held personal theory that tariffs are key to economic wealth.
Trade war! Recession! Stagflation! Skyrocketing inflation! Stock market crash!
You name it, they predicted Trump’s tariffs would sink the economy.
Trump was defying economic orthodoxy, so he just had to be wrong.
But it’s turned out that the lofty group-thinkers were wrong, not that most of them will admit it.”