U.S. Tariff History: Trump's Undifferentiated Use
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tariffCNBC
•Business
Business & Economics
How the U.S. has used tariffs through history — and why Trump is different, economists say
87% Informative
The U.S. has used tariffs since its founding in the 18th century .
They were primarily a way to raise revenue in the nation's early days .
Later, tariffs were largely used to restrict imports or as a bargaining chip to reduce trade barriers.
Today , "tariffs simply cannot raise enough revenue to fund government expenditure," expert says.
No previous president has tried to link a U.S. drug crisis to trade policy, as Trump did with fentanyl.
Trump imposed a 10% additional tariff on all Chinese goods, for example, and threatened a 25% tariff on imports from Canada and Mexico .
Global trade treaties establish a mechanism for nations to file grievances for alleged unfair trade practices.
VR Score
90
Informative language
90
Neutral language
68
Article tone
formal
Language
English
Language complexity
47
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
9
Source diversity
9
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