The plan aims to shift economic advantages back to the U.S. by making trade partners bear more costs, while reviving domestic industry and securing supply chains. Risks include market volatility and retaliation.
Politico article
https://www.politico.com/newsletters/morning-money/2025/01/06/why-stephen-miran-thinks-tariffs-can-work-00196532
PDF link
https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/638199_A_Users_Guide_to_Restructuring_the_Global_Trading_System.pdf