Tariffs are at the center of former President Donald Trump’s economic plan. He wants to put across-the-board 60% tariffs on everything from China and 10%-20% on everything else from the rest of the world. It’s an extreme trade policy that he wants to use to generate revenue to cut taxes. But how would they work?
Port Piraeus was a long time ago, tariffs are a way to raise funds for the government, especially preincome tax days. Then 1789 came along and the government got tired of being a beggar, but couldn’t impose taxes, so they imposed the Tariff Act of 1789. 60% tariffs would make Chinese products inviable on any market. The 10-20 on everything else will effectively eliminate the middle class. Idk whose playing stupid, the reason Trump looks bad on this is because it is bad.