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Tariffs are taxes

Tariffs are taxes

Tariffs are taxes.

You cannot claim to be lowering taxes while raising tariffs. Tariffs are taxes on consumer goods.

The Smoot-Hawley Tariff Act of 1930, signed by allegedly laissez faire president, Hebert Hoover, who allegedly “did nothing”, was a leading cause of the Great Depression as it reduced trade with Europe by two thirds.

China hammers U.S. goods with tariffs as ‘sparks’ of trade war fly

China has increased tariffs by up to 25 percent on 128 U.S. products, from frozen pork and wine to certain fruits and nuts, escalating a dispute between the world’s biggest economies in response to U.S. duties on imports of aluminum and steel.


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