JOURNAL ARTICLE
The trade war was never going to fix our deficit.
Published In: Fortune.com, 2025. P. N.PAG 1 of 3
Database: Business Source Ultimate 2 of 3
Authored By: Bunn, Daniel 3 of 3
Abstract
The article discusses a Supreme Court case that will determine if the president exceeded his authority by using the International Emergency Economic Powers Act (IEEPA) to impose tariffs. The administration argues that these tariffs are necessary for generating revenue to address the fiscal challenges of Social Security and Medicare, but the article contends that the tariffs will not significantly impact the national debt or entitlement programs and may worsen their outlook. It highlights that the tariffs could lead to job losses and economic shrinkage, ultimately questioning the effectiveness of this approach in solving fiscal issues. The article advocates for limitations on the president's power to impose such tariffs unilaterally. [Extracted from the article]
Additional Information
- Source:Fortune.com. 2025/12, pN.PAG
- Document Type:Article
- Subject Area:History
- Publication Date:2025
- Accession Number:189769414
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