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> And if we want to apply tariffs, do it slowly. Instead of saying that products will be tariffed at 100% tomorrow, say they’ll be 25% next year, 50% after that, 75% after that, and 100% in year four. And then make it a law instead of a presidential decree

This is the big difference between a tariff regime that is credible in such a way that the business community can plan investment around it, and the current one that has mostly just caused chaos and confusion.




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