US EditionWhy I'm Okay with Some of the Secondary Tariffs + You Mess with the Don, You Get the Tariffs - Zeihan on Geopolitics
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Why I'm Okay with Some of the Secondary Tariffs + You Mess with the Don, You Get the Tariffs - Zeihan on Geopolitics
Why I’m Okay with Some of the Secondary Tariffs On March 25, President Trump announced a new 25% tariff on purchases of Venezuelan crude. There’s a lot going on with this one, so let’s cover the micro and macro. According to how the framers wrote the constitution, authority over tariffs—like much of trade—sat with Congress. Second, Venezuelan crude typically hits the US to be processed by our specialized refineries. So, this tariff is just raisi…
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