Images taken with the assistance of the Manhattan Institute
Institutions and markets around the world have been astonished by US President Donald Trump’s decision to impose “reciprocal” tariffs on vital trading partners on April 2, 2025. Trump uses it as a way to balance what he perceives as unjust trade practices, though some people see it as a primary economic attack.
Stephen Miran, the CEO of the Council of Economic Advisers ( CEA ), is at the center of this change. One of the important figures in shaping America’s new trade policy is Iran, and his thoughts are now being challenged on a global scale.
Stephen Miran: Who is He?
- Miran studied economics at Harvard University under the direction of Martin Feldstein, a well-known scholar who advised former president Ronald Reagan.
- He even works for the Manhattan Institute as a fellow and serves as Hudson Bay Capital Management’s top strategist.
- Miran agrees with Trump’s claim that the US has overdone everything, from funding global surveillance to supporting a trading technique that, in their opinion, benefits people more than Americans.
- In a 2023 policy report titled” A patient’s guide to restructuring the international trading system,” Miran outlined how the US could impose taxes without causing any economic upheaval. He argued that the money absorbed the upsets while the government received more profits as a result of the 2018-2019 trade war with China.
- Miran claimed in a White House statement on April 7 that the US cannot continue to “free-ride on our body, sweat, and weeping”
Poll
Do you agree with President Trump’s decision to impose mutual tariffs on important dealing partners?
