Can Donald Trump enact tariffs without Congress? And can anyone stop him? | Trade War News [Video]

US President-elect Donald Trump – who during the campaign called tariff “the most beautiful word in the dictionary” – wasted little time after his election win before proposing even more stringent tariffs on US trading partners.

Trump’s campaign promises included adding a 10 percent to 20 percent tariff on all non-domestic goods sold in the United States, a 60 percent tariff on goods from China and reciprocal tariffs on nations that impose tariffs on the US. Then, on November 25, Trump promised new 25 percent tariffs on goods from Mexico and Canada and an additional 10 percent tariff on China.

Economists say that Trump following through on these promises could reactivate inflation, a key issue Trump rode to victory in the 2024 election.

Our review of academic studies of real-world tariffs concluded that consumers ultimately shoulder most of the burden in higher prices for goods, and the burden outweighs tariffs’ economic benefits. There is near consensus among economists on this question, surveys …