Confronting Capitalism: Who Benefits From Trump’s Tariffs?
Jacobin Radio
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The Evolution of Tariffs in U.S. Trade Policy
This chapter explores the historical significance of tariffs as a tool for trade and economic development, focusing on their role in protecting domestic industries and generating revenue. It examines the contrasting experiences of late industrializers and the U.S. in the context of industrial growth, shifting from high tariffs to favoring freer trade in modern times. The chapter also sheds light on the complexities of U.S. trade policy, particularly its interactions with developing nations and the influence of major firms on global economic strategies.
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