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Originally President Donald Trump’s tariffs on steel and aluminum exempted imports from Canada, Mexico, and Europe. No longer. The administration has broadened the application of its tariffs even as their strategic and economic costs are becoming more apparent.The law gives Trump the authority to impose tariffs to protect national security. These tariffs are, however, an abuse of that law . . . Economically, we will pay for these tariffs twice over. Companies that rely on steel and aluminum will pay higher prices — and those companies are responsible for far more employment than the steel and aluminum industries themselves . . .. . . On trade as on other matters, Congress has over the years given the executive branch too much authority that is too prone to abuse. In other areas, the president and his appointees have been effective foes of the arbitrary and capricious executive power — the unaccountable “administrative state†— that has thereby been unleashed. When it comes to trade, they have decided instead to illustrate the dangers.
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Topic: Senseless on Steel (Read 291 times)
