As the late senator from Washington state, Warren Magnuson, who served for more than 30 years in Congress, once said, “All that each industry seeks is a fair advantage over its rivals.” Wilt Chamberlain had a fair advantage on the basketball court because he stood 7-foot-1. It allowed him to score 100 points in a single game.
The Trump 2.0 tax bill now moving through Congress should establish a fair advantage for U.S. companies.
Tariffs are, of course, Donald Trump’s retaliatory stick to stop foreign countries from discriminating against goods and services made in America. Everything from our dairy to our wheat, our pharmaceuticals and our digital tech products is punished by the taxes and tariffs charged in Europe and Asia — especially China.
But Trump also wants an additional carrot approach to increase…
