Tariffs, Trade and Taxes in the Time of Trump
Tariffs, Trade and Taxes in the Time of Trump
“Tariff” is a term closely associated with President Donald Trump, but the history of tariffs in the U.S. economy dates back to the days of George Washington. And while the tariff trail is easy to track, what is far less clear is how the 47th president will apply this long-time trade tool and its potential impact.
In Conning’s newest Viewpoint “Tariffs, Trade and Taxes in the Time of Trump,” Michael Mix, senior portfolio manager, examines the historical significance of tariffs and explores potential implications of new tariff measures that President Trump may – or may not – employ.
Tariffs were a significant source of U.S. federal revenue from the nation’s founding through the early 20th century but eventually proved insufficient to the fund the modern U.S. government. So why does Trump appear to be such a fan of tariffs? Can they add to the economy? Do they serve other purposes? Mix offers his views.
In Conning’s newest Viewpoint “Tariffs, Trade and Taxes in the Time of Trump,” Michael Mix, senior portfolio manager, examines the historical significance of tariffs and explores potential implications of new tariff measures that President Trump may – or may not – employ.
Tariffs were a significant source of U.S. federal revenue from the nation’s founding through the early 20th century but eventually proved insufficient to the fund the modern U.S. government. So why does Trump appear to be such a fan of tariffs? Can they add to the economy? Do they serve other purposes? Mix offers his views.
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