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🗽   The Folly of Reciprocal Tariffs

Politics

“Whatever they tax us, we tax them.” ~ Donald Trump On April 2—President Trump’s “Liberation Day”—he imposed, then changed, and then delayed, reciprocal tariffs on nearly all U.S. trading partners. Said Trump: “We’re going to charge countries for doing business in our country and taking our jobs, taking our wealth, taking a lot of things that they’ve been taking over the years.” Nothing could be further from the truth. Foreign firms don’t pay tariffs for the privilege of selling their goods in the U.S. market. The domestic importer files entry documents at the port of entry and pays the estimated … → The post

Lew Rockwell     May 02, 2025