“Implement tariff relief to help counteract inflation by reducing prices for affected goods as well as to strengthen supply chains and boost manufacturing. End Section 232, 201, and 301 tariffs. Work with Congress to pass legislation repealing those provisions so future Presidents cannot abuse them.”
Citation: Project 2025, Section 4.6: Trade, Kent Lassman, page 832, paragraph 5
Context:
Lassman is arguing for ending certain tariffs to combat inflation.
The pros of this would be lower consumer prices, supply chain improvement, and increased manufacturing output.
The cons include potential job losses or factory closures in sectors that are protected by these tariffs (assuming they would struggle to compete with cheaper imports.) This includes steel, solar, et al. Increasing imports also widens the trade deficit, assuming one is concerned about that. More details in the analysis below.
Full contextual analysis of Section 4.6: Trade here.
Section: Section 4.6: Trade