Arthur Laffer, whom Trump gave the Presidential Medal of Freedom to during his first term, said in a private analysis that the tariffs without any modifications could add $4,711 to the cost of a vehicle.
Trump offering automakers some relief on 25% tariffs, after worries they could hurt U.S. factories
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As former Reagan administration economist Arthur Laffer recently stated, Mr. Trump is not the first president to employ these tariffs outside the realm of traditional trade policy “and he is entitled to do so.”
Trump's targeted tariff proposals already a notable success
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