What Is the Rationale Behind Current US Tariff Policy?

What Is the Rationale Behind Current US Tariff Policy?

The Trump administration has pursued a high tariff policy, reversing the movement to lower trade barriers around the world. The justification for this policy is

Tariff War Waged by the US: Why, How, and What Now?

In June 1930, the United States introduced the Smoot-Hawley Tariff Act, a piece of legislation originally only intended to raise import duties to protect American farmers who were struggling to compete with agricultural imports from Europe. However, when the act was introduced, lawmakers demanded similar protection for their own industries and by the time the bill passed, it was calling for increased tariffs on 890 different items. The result wa…