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Fortune
Fortune
Shawn Tully

How Stephen Miran—a Harvard-trained former free market champion—became Trump’s top ideologue on tariffs

(Credit: Al Drago—Bloomberg/Getty Images)

Back in 2010, Stephen Miran had one of those once-in-a-lifetime aha moments that few people experience in their careers.

“It was during my first job working as an economist for a currency-focused hedge fund,” Miran recalled during a phone interview in early May. “The currency markets are a bit of a Wild Wild West. All sorts of things happen that shouldn’t happen in an economics textbook. Heavily managed currencies in some countries were making markets behave in weird ways.”

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