The Strait of Hormuz: Trump’s Waterloo?
by Brian Czech
Given his long-running obsession with GDP growth, an obsession punctuated with mid-terms in mind, President Trump has made some peculiar moves. Just this week, his stripping of immigrant truckers’ licenses took effect, as part of a broader crackdown on immigrant labor, a key source of economic growth. His hyperactive imposing of tariffs has undermined comparative advantage, a condition relied upon for global GDP growth.