In a recent interview, President Trump drew an analogy between himself and a department store in terms of controlling prices. He asserted he is involved in numerous trade negotiations, having imposed tariffs that have negatively impacted consumer sentiment and financial markets. Despite claiming to have finalized 200 deals, he provided no specifics. Economist Justin Wolfers criticized Trump's perspective, describing it as a central planning approach, notably unusual for a free market advocate. The ongoing discussion reflects significant tension surrounding trade policy and its implications on the economy.
This is central planning not even by a central planning committee! A central planning committee would have expertise! This is a bloke in a room who thinks the country's a store!
We are a department store, and we set the price. I meet with the companies, and then I set a fair price, what I consider to be a fair price.
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