There has been a lot of talk about tariffs over the last eight years, and in this election year, you are likely to hear even more. This is not anything new – debates in American politics over tariffs go back to the nation’s beginning. Alexander Hamilton, the nation’s first treasury secretary, asserted that tariffs were Read more
Tariffs
Tariffs: Who Really Pays?
When the Trump administration claims that the tariffs they have imposed on China have brought money into federal treasury coffers, they are correct. However, they are incorrect when they say that money is coming from China. Because tariffs operate as a tax on imports, when the United States levies a tariff, it is the U.S. Read more
Tariffs Stir Trade War Winds. But What Are Tariffs?
The drums of a trade war with China are echoing. Canada is miffed, with some of our neighbors to the north talking a boycott of U.S. goods. The European Union is looking to replace us with Australia as a trade partner. Markets are turbulent: the Dow’s 2018 gains have vanished, and the index posted a Read more