The Corner

Trade

More Trump Tariffs

President Trump has slapped tariffs on Canadian aluminum, citing its alleged dangers to national security. It’s a decision with a lot of downsides.

Canada has already promised retaliation.

The tariffs will harm American companies that use aluminum (including Whirlpool, which we have separate tariffs to help!).

It’s not a great time for higher taxes.

The tariffs undermine the administration’s supposedly great triumph in renegotiating NAFTA. Much of the benefit of that deal, according to the economic projections the administration cited, came from reducing uncertainty. Trump had been the source of that uncertainty, and the newly relabled USMCA has obviously not ended it.

The national-security pretext is, of course, absurd.

The tariffs make it even less likely that we would be able to lead an international response to Chinese trade abuses (not that the administration seems especially interested in doing so).

These tariffs will, of course, have benefits too. Previous steel and aluminum tariffs have been estimated to cost about $900,000 per job saved.

Ramesh Ponnuru is a senior editor for National Review, a columnist for Bloomberg Opinion, a visiting fellow at the American Enterprise Institute, and a senior fellow at the National Review Institute.

Most Popular

White House

Obama Wrote Trump a $73 Million Check

The New York Times’ big exposé on President Trump's tax returns flags some things that may be dodgy but mainly it just confirms what everybody (including Trump) has always said -- there are a lot of loopholes in the tax code that a savvy operator can exploit. Whose fault is that? The system long predates ... Read More
White House

Obama Wrote Trump a $73 Million Check

The New York Times’ big exposé on President Trump's tax returns flags some things that may be dodgy but mainly it just confirms what everybody (including Trump) has always said -- there are a lot of loopholes in the tax code that a savvy operator can exploit. Whose fault is that? The system long predates ... Read More
Sports

It’s Time for a Change in Leadership

A lot of people -- including me -- will tell you he didn’t belong in the top job. We will tell you that nothing in his past performance indicated that he could handle the responsibility or had the right temperament for the pressures of leadership. Some of us opposed him before he stepped through the door and ... Read More
Sports

It’s Time for a Change in Leadership

A lot of people -- including me -- will tell you he didn’t belong in the top job. We will tell you that nothing in his past performance indicated that he could handle the responsibility or had the right temperament for the pressures of leadership. Some of us opposed him before he stepped through the door and ... Read More