A president can unilaterally remap international trade norms by issuing broad, reciprocal tariffs and claiming national‑interest authority—doing so reshapes supply chains, investment incentives, and multilateral institutions almost overnight. The tactic forces a domestic political realignment (businesses, economists, workers) and imposes a new bargaining baseline on other countries, regardless of WTO rules.
— If presidents can effectively use executive tariff power, trade policy becomes a direct instrument of domestic industrial strategy and geopolitical leverage rather than a technocratic, legislated regime.
Oren Cass
2026.03.29
100% relevant
President Trump’s 'Regulating Imports with a Reciprocal Tariff' executive order (Liberation Day) and Oren Cass’s account arguing it immediately changed investment and macro trends.
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