Geddry’s Newsletter

Geddry’s Newsletter

The Mafioso Tariff Doctrine: Trump’s Free-Money Fantasy and the Epstein Anchor

Delusions of grandeur, drawings of women, and six imaginary wars: Trump’s Turnberry meltdown wasn’t just embarrassing it was economically deranged

Mary Geddry's avatar
Mary Geddry
Jul 28, 2025
∙ Paid

Donald Trump wrapped up his tartan-swathed press conference at Turnberry with a dizzying barrage of golf club grandiosity, hostage negotiation fan fiction, and nuclear nostalgia, but it was his fantasy economics that sent international analysts into fits of bewilderment. If there were any lingering doubts about Trump’s grasp of economic reality, or, frankly, his grip on reality at all, they were well and truly obliterated by the double feature that unfolded across the Atlantic this weekend: Trump’s incoherent press conference with the UK Prime Minister, and the scathing, forensic teardown by Times Radio’s Scott Lucas on The Trump Report.

Let’s begin with the delusion now enshrined as Trump’s “historic” trade deal with the EU, a deal so loaded with inconsistencies, half-baked numbers, and bald-faced lies that even the EU negotiators appear to be holding their noses while calling it “the best we could get in bad circumstances.” Trump crowed that it was the “biggest deal ever made,” which is odd considering it’s still just a framework and not a finalized agreement. The key feature? A 15% tariff on EU imports, down from the 30% he threatened weeks ago, but still a massive tax hike, especially for a man who thinks tariffs are “free money.”

User's avatar

Continue reading this post for free, courtesy of Mary Geddry.

Or purchase a paid subscription.
© 2026 Mary Geddry · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture