President Donald Trump has offered lots of different reasons for hiking tariffs on American imports. He's said that tariffs are going to make the country "rich and strong" and that they will boost tax revenue, reduce the trade deficit, and create leverage for future trade negotiations.
Many of those arguments are economically illiterate, counterproductive, or contradictory.
But the president's latest argument might be the most foolish—and most socialist—that he's rolled out yet: America is one big department store, and Trump is the general manger.
