Source: Foundation for Economic Education
by Kristian Niemietz
“For Trumpians, tariffs have become an all-purpose tool, which supposedly achieves multiple policy objectives all at once. Tariffs are presented as an easy way to raise revenue (‘a tax on a foreign country’). They are also presented as a tool to discourage imports, and thereby stimulate domestic production. Thirdly, tariffs are also presented as a tool to get foreign governments to do what Trump wants them to do. In my ideal world, tariffs would not exist. But this article is not about my ideal world. My issue with the above logic is that it does not work on its own terms. Tariffs could, in principle, achieve one of the above aims. They cannot really achieve two of them, and they certainly cannot achieve all three.” (10/20/25)
https://fee.org/articles/zack-polanski-plays-the-populist-card/