Though often viewed as blunt, outdated, and inflationary instruments, tariffs may offer the United States a strategic path forward. As Stephen Miran, Chairman of Trump’s Council of Economic Advisors, argues, tariffs—if used correctly—can help restructure the global trading system, rebalance fiscal policy, and preserve American competitiveness.
The Harvard-trained economist and former senior Treasury advisor penned a trailblazing November 2024 essay titled “A User’s Guide to Restructuring the Global Trading System”, in which he argues that tariffs, when combined with strategic policy can be noninflationary and revenue- generating tools that advance US interests.
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