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Reason
Reason
Politics
Ilya Somin

Perils of Broad Presidential Power Over Tariffs

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Donald Trump's plan to impose massive 10% or greater tariffs on all imported goods is a centerpiece of his potential second term policy agenda. If implemented, it would cause enormous harm to the US economy, raise prices on many goods, and seriously damage relations with our allies. The potential damage is likely to be enormous. Trump's tariff plan is even more dangerous than it might be otherwise, because he can probably implement it without any new congressional authorization.

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