Source: EconLog
by Jon Murphy
“Donald Trump was reelected President in the November 2024 election. Since then, he has promised large, across-the-board tariffs to go into effect via executive order on Day 1. These promises mimic those he made on the campaign trail, but of a much larger magnitude. Whether or not these tariffs materialize is an open question. Blanket tariffs would likely face legal challenges (interested readers can find a brief discussion on the legal issues of blanket tariffs here). For the sake of this post, I will assume that the tariffs currently proposed (as of 29 December 2024) go into effect with no alterations. If that is indeed the case, then I have two major concerns: one economic and one political.” (01/02/25)