that power should belong to congress, under the american constitution, and not to the president.
if a democratic senator put through a straight forward bill without earmarks or bullshit, it would likely get swift approval and the senate can probably even get the two thirds required to overturn a veto, which is how clinton got beat down by the congress.
targeted tariffs on specific items to protect specific industries are in the united states' interests and something congress should look at. a flat 25% tax on everything is inflationary and stupid.
if the presidency is going to abuse these powers that congress gave it, the congress should take them away as a punitive measure.