Repeal, don’t just defer, Trump-imposed tariffs
Tariffs and protectionist trade policies in general yield more economic harm than good.
It is therefore a positive development that the Trump administration will allow businesses harmed by the current pandemic to defer payments on import tariffs.
While the better policy would be the repeal of all tariffs imposed by the administration in the first place, this is a welcome reprieve.
On Saturday, President Trump signed an executive order giving Treasury Secretary Steve Mnuchin the authority to prov
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