There’s a lot going on in the document, much of it more or less standard conservative fare touting the miraculous growth effects of tax cuts for high-income households and drilling for oil. But what’s really telling is the paper’s discussion of trade, which George Mason University’s Scott Sumner describes as “a complete mess,” which, if anything, is too kind.
Trade is a major point of emphasis for Trump personally; it’s an area where he’s broken with most GOP experts and elected officials, and it’s also the main focus of Navarro’s research.
President Trump, in other words, would be a trade policy innovator. And he would be guided on his innovative path by Navarro. Except Navarro is basing his analysis on a mistake that would get you flunked out of an AP economics class.
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