The “very stable genius” in the Oval Office is, in fact, extremely unstable, in word and deed. That’s not a psychological diagnosis, although you can make that case, too. It’s just a straightforward description of his behavior. And his instability is starting to have serious economic consequences.
To see what I mean about Trump’s behavior, just consider his moves on China trade over the past month, which have been so erratic that even those of us who follow this stuff professionally have been having a hard time keeping track.
First, Trump unexpectedly announced plans to greatly expand the range of Chinese goods subject to tariffs.