Will tariffs make American great again?

posted by
October 11, 2016
Future of Freedom Foundation
by Laurence M Vance  
Posted in Commentary

"Implied in the idea that tariffs are part of what made America great is that the United States has gone off course economically because it has eliminated protective tariffs and instituted free trade. A look at the U.S. 'Harmonized Tariff Schedule' says otherwise (just reading the regulations regarding, and duties imposed on, different types of cheeses imported from the various countries is mind-boggling). The trade agreements that the United States has made with other countries, although they lower or eliminate tariffs on certain goods from certain countries, are managed trade, not free trade. And that is the first problem with tariffs: they are part of government attempts to manage trade." (10/11/16)


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