Tariffs can be useful — but not how Trump is using them

Tariffs can be useful — but not how Trump is using them

President Donald Trump has said “tariff” is “the most beautiful word in the dictionary.” He claims tariffs will restore American trade supremacy, bring lost jobs back to the United States, and most bizarrely, replace income taxes.Tariffs can be a useful tool to regulate global trade in the interest of jobs, wages, labor rights, the environment, and consumers — if applied correctly.