The Economic and Political Consequences of Modern Tariffs
Tariffs, once niche instruments of trade regulation, have reemerged as one of the most visible and polarizing tools in American economic policy. What had historically operated as a practical mechanism for the management of imports and the generation of government revenue has, over time, evolved into a symbol of national protection, economic identity, and political strategy. Each new chapter—from President William McKinley’s high-tariff regime in 1890, to Donald Trump’s expansive tariff...
