What disgusts me so much about Trump's recent threat to impose 25% tariffs on our two neighboring North American trade partners and allies, Mexico and Canada, is not only what a pointlessly idiotic and destructive policy act it would be—but also what a crude abuse of lopsided economic power. After all, even the people defending the policy can characterize it in no other terms.
The host of Wall Street Trump apologists who have come out of the woodwork in recent weeks—since anyone in power will eventually find people willing to rationalize their actions—all make some version of this same argument (Bessent foremost among them): Trump won't really impose such completely ruinous and self-destructive tariffs, they say; he's just using this as a "bargaining tactic."