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Posts Tagged ‘aluminum imports’

The Ron Paul Institute for Peace and Prosperity : Tariffs Are Not the Answer

Posted by Martin C. Fox on March 13, 2018

President Trump’s planned 25 percent tariff on steel imports and 10 percent tariff on aluminum imports may provide a temporary boost for those industries, but the tariffs will do tremendous long-term damage to the American and global economies. Tariffs raise the price of, and reduce demand for, imported goods. Tariffs ensure the preferences of politicians, instead of the preferences of consumers, to determine how resources are allocated. This reduces economic efficiency and living standards… Read the rest of this entry »


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