Published 09/13/2024 10:00:00 a.m.

Tariffs ‘Protect’ Insiders, While Americans Pay the Price

Summary by AIER

“The Blessings of Protection,” lithograph criticizing steel industry tariffs. Louis Dalrymple. Puck, 1901. Original caption: “The poor foreigner couldn’t get his rails for Twenty-four dollars if we didn’t elect to pay thirty-five.”Tariffs, often promoted as a tool to protect American jobs and industries, are a hidden tax that disproportionately burdens consumers and producers alike. Both the Trump and Biden administrations have embraced these pr…

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Tariffs ‘Protect’ Insiders, While Americans Pay the Price

“The Blessings of Protection,” lithograph criticizing steel industry tariffs. Louis Dalrymple. Puck, 1901. Original caption: “The poor foreigner couldn’t get his rails for Twenty-four dollars if we didn’t elect to pay thirty-five.”Tariffs, often promoted as a tool to protect American jobs and industries, are a hidden tax that disproportionately burdens consumers and producers alike. Both the Trump and Biden administrations have embraced these pr…

09/13/2024 10:00:00 a.m.

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Stories disproportionately reported by the Left or the Right

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Leaning Left0Leaning Right1Center0Last Updated09/13/2024 12:23:51 p.m.Bias Distribution

100% Right

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