On my political wishlist is for congressmen and the courts to recognize the tariffs as illegal on the grounds that many (if not most) of them have nothing to do with national security interests, which is what currently gives him the legal argument that he can do this. Congress originally held the power to impose tariffs (last major tariff regime was set by a law, the Smoot-Hawley Act).

Even cynical politicians should be able to see it as politically advantageous once the pain really starts to set in, which is why I think there’s a chance of this.

Reply to this note

Please Login to reply.

Discussion

No replies yet.