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Taussig (second from the left) at the 1911 Harvard commencement. Much of Taussigs work is available from Internet Archive: 1883: Protection to Young Industries as Applied to the United States (second edition, 1886) 1885: History of the Present Tariff, 1860–83; 1888: The Tariff History of the United States eighth edition, 1931,
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What happened a century ago can be instructive when evaluating presidential candidates' tariff proposals, writes Mark Edelman. Opinion: History of tariffs shows the limits of populism Skip to main ...
The first Trump tariffs were imposed by executive order (not by act of Congress) during the first presidency of Donald Trump as part of his economic policy. In January 2018, Trump imposed tariffs on solar panels and washing machines of 30 to 50 percent. [36] He soon imposed tariffs on steel (25%) and aluminum (10%) from most countries.
Trump’s calls to replace the existing federal income tax with protective tariffs is not only impractical in the face of growing federal deficits; it is also clashes with historical reality.
Two years later—with the tariffs as the main issue—President Harrison lost to Democratic former president Grover Cleveland, and the Democrats also captured full control of Congress.
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