"Is that our country, that we're going to favor the big and the connected? That's not the American story."
"When the state becomes involved in picking winners and losers, there's only one way this game ends: All of us lose."
"The line outside the White House of every business arguing why they should be exempt from paying tariffs on what they import into their products is nauseating."
"Congress has a duty to oversee the Fed, and this oversight must be free of undue interference from the executive branch."
Tariff relief targeted at large, connected companies is described as anti-American and harmful when the government intervenes to pick winners and losers. A proposal for steep semiconductor tariffs included exemptions for firms that pledged significant domestic investment. Apple committed substantial funds to U.S. facilities, and some chipmakers received limited permission to sell chips to China under revenue-sharing terms with the U.S. government. The surge of businesses seeking exemptions drew strong criticism as eroding equal treatment. Prior critiques highlighted presidential pressure on the Federal Reserve and emphasized that congressional oversight of the Fed must remain free from undue executive interference.
Read at Business Insider
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