The administration's trade policy, dubbed "Trumponomics," is characterized as incoherent and driven by the President's personal whims and political motivations rather than a cohesive economic strategy. Stephen Miran's Role and the Dubious "Architect" Claim: Stephen Miran, nominated to the Federal Reserve Board of Governors, is described as the "architect" of Trump's tariff plans. He currently chairs the Council of Economic Advisers. The initial wave of tariffs was "slapped on anyone and everyone," based on "nonsensical math, and math that was probably provided by AI."

Tariff rates are described as "on again, off again" and "revised up, or down, based primarily on Trump's personal feelings."

Initial praise for Trump's "winning" negotiations with the E.U. and Japan has shifted to a "consensus view" that these informal, unsigned "trade f ...