Better Ways Than Tariffs To Help Middle America
The August 16 commentary by Scott Axelson and Michael Dee concludes that “Tariffs are only a tax in uneducated minds suffering from Trump Derangement Syndrome.” I consider my mind to be reasonably well educated on business and economics, but I struggle to find any coherent argument in their commentary to justify that conclusion. The authors are responding to another commentary on July 12 by Fred Larson which argued that “the United States has essentially imposed, for the first time, a 10% national sales tax on the wholesale value of everything imported into our country.” The ...