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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,
The Tariff of 1842 returned the tariff to the level of 1832, with duties averaging between 23% and 35%. The Walker Tariff of 1846 essentially focused on revenue and reversed the trend of substituting specific for ad valorem duties. The Tariff of 1857 reduced the tariff to a general level of 20%, the lowest rate since 1830, and expanded the free ...
F. W. Taussig The Tariff History Of The United States, 1909 p. 259 From 1871 to 1908, 5 out of a span of 38 years saw the U.S. price of steel rail exceed the English price by the tariff margin or greater. 33 out of 38 years - 87% of the time span - the U.S. price did not take full advantage of the tariff to increase its profits.
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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 ...
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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.
Tariff fights can backfire, because the government can't easily shape the preferences of American consumers.