The article criticizes President Trump's unilateral imposition of tariffs, arguing that such power should not rest with one individual. It contends that Trump's use of the International Emergency Economic Powers Act to justify tariffs is unconstitutional, as only Congress possesses the authority to levy tariffs. The unpredictability of Trump's trade policies harms investor confidence and risks economic stability. The article urges Congress to act, either by rescinding or formally approving the tariffs to restore a structured approach to trade policy and prevent excessive presidential power.
No one man should have all that power. But there is an obvious solution-one that has almost been forgotten in the second Trump term. Congress should do its job.
Investors seek regulatory environments characterized by stability and the rule of law, not erratic patrimonialism. They build new factories when they are confident that trade policies will be in place for years.
Members of Congress should fulfill their oath to defend the Constitution by canceling the tariffs that Trump has imposed-or, if a majority likes any of his tariffs, it should vote them in so that they are lawful.
Failure to rein in Trump would cede to him kinglike authority over the American economy, undermining principles of democracy and rule of law.
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