4.6 • 2.7K Ratings
🗓️ 23 April 2025
⏱️ 10 minutes
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0:00.0 | This is CBS Eye on the World. Here's John Batchelor. Liberation Day, announced by the President of the United |
0:14.7 | States as we began what right now is in the middle of a tariff dispute with the whole world. |
0:22.5 | However, I learned from Philip Wallach, who joins me now from Johns Hopkins, |
0:27.8 | that he's a senior fellow at the American Enterprise Institute and author of Why Congress. |
0:33.2 | I learned that it didn't start with Trump. |
0:35.9 | It didn't even start in the 20th century. |
0:38.3 | It started in the very famous and very helpful Thomas Jefferson administration right at the end, |
0:45.1 | the idea that a president controls tariff talk and not Congress. |
0:49.7 | There's some conflict here, so I need Phillips timeline, which he develops in Civitas Outlook, |
0:56.0 | part of the Civitas Institute at the University of Texas. |
0:59.7 | Philip, I've got to admit to you that when I read your piece, I thought, well, I can't remember |
1:04.1 | all this, but when I came to the fact that it was Thomas Jefferson, who begins this saga |
1:10.4 | of presidents in Congress, the Non-intercourse Act. |
1:14.6 | What the heck was that, Phil? Good evening to you. Nice to talk to you, John. Basically, |
1:21.3 | the point here is that when Congress starts making trade law right in the early days of our |
1:27.3 | republic, it gives a role |
1:29.5 | to the President. |
1:30.5 | And it's not just that the President needs to have some customs agent out in the port |
1:37.4 | cities who can do the enforcement. |
1:39.6 | It's that actually Congress passes a law such that the president can make a finding that changes what kind |
1:46.5 | of tariffs we're going to have at all. |
1:48.8 | So they're trying to navigate the very tricky diplomatic landscape of the Napoleonic wars |
... |
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