Tag: tax on imports
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Exploring the Shift: How McKinley Moved Away from His Tariff Stance
The video explores the historical context and eventual shift in tariff policy by President William McKinley, who is often cited by Donald Trump as an inspiration for his own trade policies. It delves into McKinley’s initial support for high tariffs to protect domestic industries and his subsequent realization of the need for trade reciprocity and…
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Economists Criticize Trump’s Tariff Plan, WSJ Reports
The video discusses the widespread criticism from economists regarding President Trump’s tariff plan. It outlines the concerns about the potential negative impacts on the global economy, highlighting how tariffs could lead to increased prices for consumers, retaliatory measures from other countries, and the possibility of a trade war. The analysis also touches on the historical…