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Historically, U.S. tariffs were a primary source of government revenue until 1913 but were economically unfair to the working class as their costs were passed on to consumers. Modern attempts to reintroduce tariffs, like those based on Peter Navarro’s theories, have proven that these taxes are still paid by American consumers, not foreign nations.
By Doc HazzardHistorically, U.S. tariffs were a primary source of government revenue until 1913 but were economically unfair to the working class as their costs were passed on to consumers. Modern attempts to reintroduce tariffs, like those based on Peter Navarro’s theories, have proven that these taxes are still paid by American consumers, not foreign nations.