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middle of the game when you are losing, not when you are winning.

Economic shock therapy is what failing countries attempt, whether Russia under Boris Yeltsin, former Eastern Bloc countries, or Bolivia in the 1980s. Here, Trump is using a defibrillator on a patient who not only passed its stress test with flying colors, but is beating everyone else in the 100-yard

dash. Trump has talked about accepting “a little disturbance” with his new tariff regime. The danger is that we will simply have less economic growth than we would have had otherwise since the president isn’t rescuing an economic basket case, but re-engineering what’s been a winning formula.

Rich Lowry is editor of the National Review.

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