Does the administration intends to propose legislation to cut back on customs duties and relax other strictures on foreign trade make sense?

Yes, proposing legislation to cut back on customs duties and relax restrictions on foreign trade can make sense as it may stimulate economic growth by reducing costs for consumers and businesses. Lower duties can encourage imports, enhance competition, and foster better international trade relationships. However, such measures would need to be balanced against the potential impact on domestic industries and jobs to ensure a sustainable economic strategy.