The Right Import Tax Is Zero

by Bryan Riley / /

The U.S. Department of Commerce recently recommended that President Donald Trump impose new taxes and regulations on aluminum and steel imports – and recommended a top 24 percent global rate. Trump himself reportedly said that he might favor a 25 percent rate, because it's a round number that sounds better.

The president is right that a round number is ideal for aluminum and steel import taxes. The ideal number is zero.

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