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Reason
Reason
Eric Boehm

Trump's 'External Revenue Service' Is a Public Relations Effort. It Won't Change How Tariffs Work.

Moments after taking office for the second time, President Donald Trump vowed to "tariff and tax foreign countries to enrich our citizens."

Alas, that's not how it works.

Trump's second inaugural address, delivered Monday afternoon from the cozy confines of the U.S. Capitol's rotunda, promised a "golden age of America" and included Trump's oft-repeated campaign trail promise to no longer allow America to be "taken advantage of." As was the case during his first term, Trump sees trade policy as a key tool in accomplishing those goals.

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