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
Tariffs Stir Trade War Winds. But What Are Tariffs?
Coauthor: Michael Harrington 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 Read more