We just declared a trade war with the world

Nice economy you have there, said President Donald Trump’s administration. It would be a shame if something happened to it.

The something, announced earlier this week, is a set of globally applied tariffs that make no sense on their face. No sane economist would endorse this. Through a combination of stupidity, incompetence and sheer gangsterism, the Trump administration has decided to levy a series of taxes that encourage blatant corruption, entirely fail to encourage American…