These Times Trump's Tariff War
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Feb 11, 2025 Explore the tangled history of tariffs in America, from pivotal moments like the Nixon shock to contemporary trade wars. Discover how political identities and economic policies have shifted through the decades. Unearth the complex dynamics between the U.S. and China, especially post-pandemic. Dive into Trump's unique approach to trade, shaped by his New York roots, and consider the broader geopolitical implications of his tariff strategies. This is a fascinating look at the forces reshaping global trade and power.
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US Founding and Tariffs
- The US Federal government was formed partly for trade reasons, aiming to resolve interstate conflicts and establish fiscal power.
- Tariffs initially funded the US government and facilitated American manufacturing development, as envisioned by Alexander Hamilton.
Tariff Divisions and Civil War
- The tariff issue deeply divided American politics, with Southern states favoring lower tariffs and Northern states wanting higher ones.
- This division contributed to conflicts leading up to the Civil War, including the Nullification Crisis where South Carolina rejected federal tariffs.
Lincoln and Trump on Tariffs
- Abraham Lincoln praised tariffs, linking them to American identity and prosperity.
- Donald Trump mirrors this rhetoric, claiming tariffs will make America great again, reminiscent of Lincoln's views.
