Giving the White House more direct influence over the decisions of the financial regulatory agencies would substantially improve financial stability.
Matching US import tariffs to the tariffs, value-added taxes and non-tariff barriers imposed on US goods by other countries would substantially reduce the US trade deficit.
The threat of retaliation against the imposition of higher tariffs on a country’s exports substantially lowers the probability of a trade war.
In the event that the threat of retaliation does not deter the imposition of tariffs, the economies of countries subject to higher tariffs on their exports would be measurably better off by responding with targeted tariffs on imports from the first mover.
