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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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Currently only about 30% of all import goods are subject to tariffs in the United States, the rest are on the free list. The "average" tariffs now charged by the United States are at a historic low. The list of negotiated tariffs are listed on the Harmonized Tariff Schedule as put out by the United States International Trade Commission. [104]
Tariff rates were reduced an average 1.47 percent, with most rates remaining around 35–40 percent. President Arthur was not the most enthusiastic supporter of tariff reduction, but he did feel that some meaningful reduction was needed and he recognized that the changes made by the "Mongrel Tariff" were insufficient.
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.