How America learned to love tariffs
A LTHOUGH HIS bill has no chance of becoming law, Jared Golden, a congressman from Maine, delivered an important message last month when he introduced legislation to impose a 10% tariff on all imports into America. It is not just that Mr Golden is the author of the first formal attempt to act on Donald Trump’s proposal for a universal tariff. It is that Mr Golden is a Democrat. His bill is an indication of how tariffs, long seen as an obsolete tool of economic policy, have gained respectability across much of the political spectrum in America.
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https://www.economist.com/finance-and-economics/2024/10/10/how-america-learned-to-love-tariffsA source: www.economist.com/finance-and-economics/2024/10/10/how-america-learned-to-love-tariffs