As Trump's devastation of the economy progresses it is worthwhile considering what a thoughtful use of tariffs might look like. Zyphyr Teachout's latest column in The Nation explores that idea, with dissections of both the MAGA and the neoliberal Democrat strategies.
"Trump’s chaotic, personalized trade agenda is certainly extreme. But so is the opposite vision: tariff abolition, with no guardrails, no democratic planning, and no strategy. Real industrial policy—the kind that builds capacity, disperses power, and supports workers—lives between those extremes. That’s the tradition we should be reclaiming."
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