Douthat begins by discussing the acronym we're all using these days, TACO, which stands for "Trump always chickens out." It's a reference to Trump's tariffs. Douthat sees Trump's capitulation to financial markets as an explanation for his popularity with many voters:
... the acronym gets at something that’s crucial to Trump’s political resilience. The willingness to swerve and backpedal and contradict himself is a big part of what keeps the president viable, and the promise of chickening out is part of Trump’s implicit pitch to swing voters — reassuring them that anything extreme is also provisional, that he’s always testing limits (on policy, on power) but also generally willing to pull back.I wouldn't exactly say that Trump was willing to pull back on tariffs -- he did it, kicking and screaming, because the markets scared the hell out of him, and because his poll numbers cratered. But now markets have recovered, and in the Real Clear Polling average, Trump is at 47.5% job approval, 50.4% disapproval.
A case study: Just six weeks ago, I wrote a column describing the second Trump presidency as headed for political failure, while noting that a course correction was still possible....
But since that column appeared, Trump has bobbed and wove away from his most extreme China tariffs, he has achieved some kind of separation from Elon Musk and he’s started complaining about the “crazy” Vladimir Putin while casting himself as the great would-be peacemaker of the Middle East. And lo and behold, his poll numbers have floated back up, not to genuine popularity but to a perfectly normal level for a president in a polarized country.
It's good that Trump pulled back, but it's also creating a false sense that guardrails are constraining him the way they did in his first term. If you're paying attention, you know that Trump is much, much less constrained by guardrails than he was in his first term -- but most people don't pay a lot of attention, and nothing earth-shattering has happened in their lives. Immigrants are being sent to hellhole torture prisons for life with no due process, but most Americans are native-born citizens. Foreign aid cuts are killing hundreds of thousands of people, but all that is happening in countries most Americans can't find on a map. The markets crashed and dragged 401(k)s down with them, but then there was a market recovery. Cuts to the Veterans Administration and Social Security staffing and science funding haven't affected most people directly yet. Harvard is being gutted, but most people don't go to Harvard.
The sense that the center is holding is false. Even Douthat understands this:
And then there is just the inherent danger in living, for three years and eight months more, with a president whom we know from the experience of Jan. 6, 2021, doesn’t always backtrack when he enters dangerous terrain.I worry that Trump is so thin-skinned that his response to the humiliation of the "TACO" insult will be to apply even bigger tariffs, just to show us all who's boss, especially now that an appeals has ruled that the tariffs can proceed for now, and because there are other mechanisms through which Trump can apply tariffs if the block is upheld.
The Trump administration nevertheless has other legal means of imposing tariffs, Goldman [Sachs] says, flagging Section 122 of U.S. trade law, Section 301 investigations and Section 338 of the Trade Act of 1930.And what do you know: the ruling that blocked the country-wide tariffs permitted Trump to impose tariffs on categories of goods, so Trump doubled the steel tariffs yesterday.
Trump is responding to court losses on the subject of immigration by doubling and tripling down.
With all this chaos, and some pushback from the Establishment, does life ever get better? Douthat is skeptical:
But any trust-the-plan case for Trump’s approach underrates how much time can be wasted and policy opportunities lost unraveling problems of your own making. The idea that we’re going to end up with the optimal form of re-industrialization at the end of all the Trump trade drama is, let’s just say, extremely unproven; a scenario where the economy just survives the drama seems more like Trump’s best case, with worse ones still very much in the picture.I worry that many Americans are having a reptile-brain response to Trump's push-and-pull on tariffs. Obviously, MAGA Nation is happy no matter what he does:
But I worry that there's a psych-experiment quality to this:
1. Trump arouses anxiety with new tariffs. Markets tumble.Trump's poll numbers aren't terrible anymore because he's constantly doing things, and constantly telling us he's doing things. Biden did things that would have paid off in the long run, but most voters didn't know what he'd done because he was a terrible public communicator, and because Democratic presidents generally assume the public will simply know what they've done.
2. Trump removes/suspends all or some of the tariffs he imposed. Markets rally.
3. Even though we're no better off than we were before step 1, voters feel as if progress is being made. Trump's poll numbers go up.
Trump's decent poll numbers suggest that roughly half the country just wanted a president who seemed forceful, no matter what he was doing -- and if they don't like the specifics, they believe there are still guardrails to save them. It may be quite a while before they understand that that's not true, and they might never grasp that all the problem-solving that made them happy was just Trump solving problems he'd created.