Loading ...Tariffs always protected. home industries and jobs. What have we gained by eliminating them…That EVERYMAN AND WOMAN can have 20 pair of shoddy shoes, a. closet stuffed with. cheap. clothing, a. TEE VEE Box in every room? A phone for every family member? The elimination of village. and hometown local businesses for Walmarts and Amazon? What gain in human happiness or satisfaction have we. had? Tariffs are. good–Globalists are bad…
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The tariff history of the United States spans from 1789 to present. The first tariff law passed by the U.S. Congress, acting under the then-recently ratified Constitution, was the Tariff of 1789. Its purpose was to generate revenue for the federal government (to run the government and to pay the interest on its debt), and also to act as a protective barrier around newly starting domestic industries.[1] An Import tax set by tariff rates was collected by treasury agents before goods could be unloaded at U.S. ports.
Tariffs have historically served a key role in the nation’s foreign trade policy and as a source of federal income. Tariffs were the greatest (approaching 95% at times) source of federal revenue until the Federal income tax began after 1913. For well over a century the federal government was largely financed by tariffs averaging about 20% on foreign imports.
Tariffs are now employed, among other cases, in the present trade war with China.
https://en.wikipedia.org/wiki/Tariff_in_United_States_history