Tariffs vs. free trade has shaped U.S. history, from the Boston Tea Party to the Revolutionary War and beyond. The Smoot-Hawley tariffs worsened the Great Depression, proving protectionism can backfire. Trump and tariffs reignited debate, with rising costs impacting consumers. While strategic trade sanctions help counter unfair practices, broad tariffs fuel inflation. The USMCA replaced NAFTA, promoting balanced trade. Understanding how it works, when to impose tariffs, and the history of tariffs is crucial. Instead of economic isolation, history shows targeted, temporary tariffs—coordinated with allies—work best. The ongoing trade war highlights the need for smart policies over reckless restrictions.
Sources and Citations:
1. U.S. Bureau of Labor Statistics - Historical unemployment data during Great Depression
2. World Trade Organization - Historical tariff rates and trade volume data
3. U.S. Trade Representative Office - Current U.S.-Canada trade relationship statistics
4. U.S. International Trade Commission - Steel tariff impact analysis
5. U.S. Census Bureau - Bilateral trade relationship data
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ABOUT COMMON SENSE:
Thomas Paine's Common Sense argues that concentrated political power, whether in a monarchy or elite class, is unjust and undermines democracy. He advocates for a government accountable to the people, emphasizing transparency, representation, and checks on power. Citizens have the right and responsibility to challenge unjust government actions, making the case for a more participatory, responsive democracy.
ABOUT BRUCE:
Bruce Rutherford is a history lover and political commentator influenced by the writings of Thomas Paine, Milton and Rose Friedman, and other integral thought-leaders. From riches, to rags, and finally towards self-reliance, Rutherford brings passion and empathy to a bipartisan audience, and encourages an environment where we can discuss the ideas that shape our nation.
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