By Eric Peters of One River Asset Management
"The American economic story has seen periods of high tariff rates coincide with extraordinary economic success,” said Stephen Miran, Trump’s pick as chair of the Council of Economic Advisers.
“There’s nothing in the historical record that would say that it’s impossible to have a fabulous economy with high tariffs,” he added, explaining that Apple’s decision to invest $500bln in US-based projects was based on Trump’s policies.
