Trump's tariffs explained: How to understand his looming trade wars
The Bunker – News without the nonsense
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Tariffs: Historical Insights and Modern Implications
This chapter examines the historical context and political allure of tariffs, particularly during the 19th century. It critiques their inefficiency and regressive nature, emphasizing their detrimental impact on lower-income consumers and production efficiency. The discussion also explores contemporary tariff proposals, including those by Trump, and their potential economic repercussions on essential goods and the overall American economy.
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