There’s a lot of doom and gloom among free marketeers this week, and we took some deserved shots at the misleading tariff methodology in yesterday’s HOTLINE ourselves.

We hold out hope that Trump’s tariff escalation may be a negotiating tactic that eventually leads to a freer trade outcome. But even if it doesn’t, the overall Trump agenda -including tax cuts, deregulation, and abundant energy for the whole US economy – is likely to dwarf the decline in trade. Here’s why we’re still bullish:

• • • Deregulation
    • Tax cuts
    • Downsizing government
    • Foreign direct investment
    • ‘Drill, Baby, Drill’

The Trump agenda is overwhelmingly pro-growth, even with the tariffs on.