Trade Policy: Don’t Rebuild the Tariff Wall. Demolish It.

Since the Supreme Court struck down its “Liberation Day” tariffs earlier this year, the White House has been turning to other ways of getting trade policy all wrong. Its first idea was a 150-day tariff of 10% applied to almost all imports. When that measure expired last week, officials were ready with yet another scheme. This one may prove more durable — and hence far more damaging.The new policy essentially replicates the old under a more creative legal interpretation. It imposes so-called Sect