A tariff is a sharp edged tool used to carve out the best trade deals for America. It is used to raise the price of imported goods as a defense against unfair competition from foreign markets. And like any other tax, a tariff doesn’t have to be universal or permanent: it can be limited, lowered, raised, imposed, and repealed as needed.
Even the saber-rattling threat to employ tariffs is so effective that it intimidates any nation who may harbor thoughts of fleecing the U.S.
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