“Over the summer Trump imposed punitive tariffs on India, which is where most iPhones sold in the United States are produced. But for some reason smartphones were exempted from Trump’s India tariffs. What’s the logic behind this exemption? Might it have something to do with the fact that Apple is helping to pay for the construction of the grotesque ballroom that Trump is building to replace the demolished East Wing of the White House?” https://open.substack.com/pub/paulkrugman/p/magas-betrayal-of-small-business