Donald Rumsfeld (1932-2021), twice US secretary of defense and a former chief of staff to President Gerald Ford, was one of America’s great bureaucratic infighters, famously undermining Henry Kissinger’s negotiating position during the START II talks with the USSR. Although Rumsfeld presided over the Iraq War debacle, his greatest claim to fame my well turn out to be his exposition about “known and unknown unknowns.”
What Tariffs Can and Can’t Do
Dani Rodrik
argues that import duties are neither an all-purpose tool, as Donald Trump believes, nor a purposeless one.
