Recently the Trump Administration announced plans to impose a 5 percent tax on all goods imported from Mexico unless “the illegal migration crisis is alleviated.” These tariffs would potentially rise to 25 percent by October. Many business groups immediately came out against the idea. Neil Bradley, chief policy officer for the U.S. Chamber of Commerce, said “Imposing tariffs on goods from Mexico is exactly the wrong move. These tariffs will be paid by American families and businesses without doing a thing to solve the very real problems at the border.” Iowa Republican Chuck Grassley, who has seen farmers impacted by retaliatory tariffs in our trade war with China, blasted the idea, stating that “trade policy and border security are separate issues. This is a misuse of presidential tariff authority and counter to congressional intent.” Whenever implementing new policies, the risk of unintended consequences is always present. This means that […]