Consumers Haven’t Noticed a Price Hike from Tariffs…and Tariffs Aren’t a Sales Tax

Consumers Haven’t Noticed a Price Hike from Tariffs…and Tariffs Aren’t a Sales Tax

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.

Trump Says Tariffs and Economic Growth Will Pay For Tax Cuts, Help Reduce Deficits

Trump Says Tariffs and Economic Growth Will Pay For Tax Cuts, Help Reduce Deficits

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.

Mario Draghi Says Reindustrialization Will Cause Inflation, But It Will Be Worth It

Mario Draghi Says Reindustrialization Will Cause Inflation, But It Will Be Worth It

Reindustrialization might cause some above-target inflation. Deindustrialization, meanwhile, might take countries out of the running of the industries of today, and the future, too, said former European Central Bank president Mario Draghi.

Will Harris Support ‘Made in America’?

Will Harris Support ‘Made in America’?

To craft a pro-America trade and economic agenda, Harris should pledge to increase overall tariffs, use tax credits more broadly to grow critical production, and ignore Wall Street’s call to return to the failed trade policies of the past.