Skip to main content

The Right Import Tax Is Zero

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.

Read full story here