I don't think tariffs should be imposed capriciously at the President's whim.
But I do think tariffs are an appropriate policy tool that should be used to protect US companies against overseas competitors that get government subsidies or other unfair advantages: Low wages, safety regulations, worker protection, environmental rules, etc.
I agree with this assessment. And I think that the way it's setup in the constitution is correct, that congress needs to ultimately create the tariffs rather than the president. Creating tariffs unilaterally should almost never happen.
I agree with you, but it's a tool that should only be used very sparingly because tariffs can be incredibly difficult to get rid of. See for example the "chicken tax" for light trucks which was instituted in 1964 (because the Europeans tariffed US chicken exports).
We have laws explicitly for imposing tariffs for these reasons (like Trade Expansion Act of 1962, Trade Act of 1974)
The difference is they have to go through administrative procedure, and are subject to more judicial review to ensure administrative process was followed. Even if its a fig leaf in this administrative, its a tad slower with higher judicial oversight.
What Trump wants to do is impose tariffs on a whim using emergency powers where administrative procedure laws don't apply.
So the hope here: we have at least more predictability / stability in the tariff regime. But tariffs aren't going away
These tariffs have no basis in rational economics.
Full stop. It really is only about whether or not the president could do it.
That's all.
Do you agree with countries doing the opposite to the US? When for example US tech is better than the local alternative but the countries create unfair advantages to the local alternatives?
Maybe in rare cases, but for each of the various policy goals tariffs are used for, there are other kinds of targeted industrial policy that work better and cost less.
Tariffs are the most expensive way to try to onshore manufacturing. The cost per "job created" is astronomical usually. They incentivize corruption and black markets.
Even regular old subsidies are usually easier, cheaper, and less problematic
They can be and are. The USA had tariffs on many products prior to Trump.
Good news ! It is against the law (i.e., illegal) for a US President to impose tariffs (on a whim or otherwise) -- a US President doing so is doing so illegally and without constitutional authority!
When the US President commits crimes as the US President, he has absolute immunity from prosecution (otherwise, he might not be emboldened to break the law) so there is no judicial recourse, but the US Congress can still see the illegal activity and impeach and remove him from office to stop the execution of illegal activity. As our representatives within the US Government, they are responsible to us to enact our legislative outcomes. It appears they have determined that the illegal activity is what we wanted, or there would be articles of impeachment for these illegal acts.
The legislative branch can of course deliberately impose tariffs at any time for the reasons you listed.
Agree, and it should be Congress decision.
That's the issue: He used an emergency act passed in the 1970s designed for rapid response to other countries' "first strike" of economic hardship like the oil embargo.
Tariffs in general have not been touched at all, those that Congress wishes to pass. This is a ruling that the President cannot use the 1970s act to be a one-person economic warfare machine to the entire world when he doesn't like something.
Or treaties or accords. All basically the same if squint. Sign something like the Paris Accord, you’re basically taxing consumers.
Thoughtful application of tariffs are good.
Trump's usage of tariffs is pretty damn dumb.
Yep, that's why you need to convince Congress of that fact, as has been done in the past. Tariffs absolutely make sense as a strategic tool. There is no strategy here.