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  • ‘An economic fallacy’: Rand Paul doesn’t see the benefits of tariffs

    05/19/2025 1:48:49 AM PDT · by RandFan · 69 replies
    politico ^ | May 19 | By Amanda Friedman
    Sen. Rand Paul attacked the economic logic of President Donald Trump’s aggressive tariff strategy on Sunday — and agreed that the policies raise constitutional concerns. The Kentucky Republican said Trump’s sweeping tariffs on foreign trading partners are based on “an economic fallacy” about trade deficits and objected to the president’s move to pursue them without congressional approval during an interview on ABC’s “The Week.” “In the past, the court has allowed these things, but I think it’ll be an interesting thing because most tariffs in our history have been passed by Congress,” he said. “We’ve never had widespread tariffs that...