In recent years, tariffs have been at the center of heated Washington debate. Critics claim that tariffs are a “hidden sales tax” passed on to consumers in the form of higher prices. But in the wake of the 2018 “Trump tariffs,” America’s consumers haven’t experienced noticeable price increases.
There’s a nearly $2 trillion fiscal deficit, and of course the record $1.12 trillion goods deficit. And one way to bring that down is to produce revenue via trade – also known as tariffs. To some, that’s a dirty word, Trump told an ABC news affiliate in Las Vegas this weekend.
