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Tariffs Are a Discipline, Not a Press Release
The Wall Street Journal
|December 22, 2025
The tariff debate remains distorted by two opposing misconceptions: that tariffs would instantly resurrect American industry, that they would immediately crash the economy and ignite runaway inflation.
The experience of 2025 has disproved both. The economy didn’t collapse, but neither did a manufacturing renaissance appear on demand. These outcomes should surprise no one who understands how industrial capacity is built.
Cette histoire est tirée de l'édition December 22, 2025 de The Wall Street Journal.
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