It is time to set the record straight on Trump and tariffs.
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When Donald Trump takes office, expect one of his first acts to be imposing tariffs. Despite his critics’ charges, tariffs are hardly unprecedented or responsible for many of the consequences for which they are blamed.
On Jan. 15, Trump wrote on Truth Social, “I am today announcing that I will create the EXTERNAL REVENUE SERVICE to collect our Tariffs, Duties, and all Revenue that come from Foreign sources.”