With his wall of tariffs, Donald Trump hopes to revitalise American manufacturing. But deindustrialisation is not a symptom of America’s economic decline, as the president seems to think. It is what happens when a country gets richer. Mr Trump risks making America less productive and less prosperous. 

Elsewhere, the architect of Project 2025 tells us how to understand what Trump 2.0 portends. “Remain calm,” writes Paul Dans, “there is a method here.” We’re in the demolition phase of a national renovation, he contends.