The Inversion Investor

The Inversion Investor

Tariffs do not require a national emergency to be justified.

Peter Pham's avatar
Peter Pham
Feb 12, 2026
∙ Paid

There was a vote in the House aimed at constraining tariff authority on Canada. It should be vetoed.

But not for the reason most people are debating.

The current justification for tariffs often leans on the language of “national emergency.” That framing implies tariffs are exceptional tools — used only in crisis, only temporarily, only under duress.

That p…

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