Did something happen in American history where we swore off raising tariffs?
Vaguely remember in every single history class, “Tariff bad, Mongo good”.
I remember discussion, in high school, of the difference between revenue tariffs and protectionist tariffs. That is getting uncomfortably close to 60 years ago. But I don’t recall revenue tariffs being spun as inherently bad.
All tariffs being automatically bad, even if in reaction to foreign tariffs, became religion 45 years ago.
Steve
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I am talking more specifically about the Great Depression being caused by tariffs. Then the tariffs had an affect on the Great Depression. Then the tariffs played a minor role. Time marches on?
All tariffs at higher rates are damaging to the global economy. If the US, EU, China, or Japan/SK institute them.