Editorial: Trump tariffs represent crony capitalism

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Government intervention in the market all too often creates incentives for the well-connected and well-organized to manipulate the rules to limit competition and benefit themselves.This certainly appears to be happening with tariffs on steel imports.Following the imposition of tariffs by the Trump administration on highly questionable national security grounds, the Commerce Department has overseen a process by which American companies that rely on imported steel can apply for a tariff exemption.

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