We have an income tax as opposed to a tariff in part to deal with the mind of the South in 1913—yet the income tax revenue enabled revenue-destructive tariffs.
The tariffs would be proportional to the tariffs individual countries place on imported American goods. “We don't want it to hurt other countries, but they've been taking advantage of us for ...
resulting in scant tariff revenue generation. Even more problematic, as American demand for American-made goods grows, U.S. manufacturers will raise domestic prices, since there is little or no ...
Canada’s Conservative Prime Minister John Macdonald wanted to react forcefully to send a message to the U.S. He proposed retaliating with high tariffs on American goods, as well as increased ...
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