One year after 'Liberation Day,' the mechanism is clearer than the narrative.
Tariffs were sold as leverage on foreign exporters. The actual mechanism: U.S. importers pay, pass costs to consumers. Net effect: ~$1,500/household — the largest U.S. tax hike as a share of GDP since 1993.
The Supreme Court ruled in February that IEEPA doesn't authorize tariffs. Response: route the same policy through Section 232. Different legal hook, same outcome.
Systems adapt to preserve policy, not principle. Watch the mechanism, not the justification.
Tariffs were sold as leverage on foreign exporters. The actual mechanism: U.S. importers pay, pass costs to consumers. Net effect: ~$1,500/household — the largest U.S. tax hike as a share of GDP since 1993.
The Supreme Court ruled in February that IEEPA doesn't authorize tariffs. Response: route the same policy through Section 232. Different legal hook, same outcome.
Systems adapt to preserve policy, not principle. Watch the mechanism, not the justification.
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