By Jeff Stein, The Washington PostFormer president Donald Trump speaks at a campaign rally in Waukesha, Wis.
“Trump said it, and so now his advisers are all trying to figure out how to make it work legally,” said Holtz-Eakin, president of the American Action Forum, a conservative think tank. Holtz-Eakin said he has spoken to several Trump advisers over the last several weeks about their efforts to design a framework for implementing the new tariff policy in the face of legal challenges. “It’s a live option.
Trump’s advisers have divergent views on the purpose of his aggressive trade proposals. GOP allies on Wall Street and among the business elite see his rhetoric as a negotiating tactic aimed at winning concessions from trading partners, such as more favorable conditions for U.S. exports. Other Trump advisers believe more lasting trade restrictions are necessary to achieve a fundamental rebalancing of the U.S.
The Center for American Progress, a center-left think tank, has found the 10 percent tariff would cost roughly $1,500 each year for the typical U.S. household. The other option cited by Lighthizer is a 1930 law that allows presidents to impose duties on countries that “have discriminated against the commerce of the United States.” Trump could argue that every country in the world has discriminated against U.S. commerce by pointing out most countries have far higher tariff rates, but that could also prompt litigation.
Source: Law Daily Report (lawdailyreport.net)
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