By Jeffrey A. Tucker Both major political parties in the United States seem to have abandoned the idea of free trade. As with free immigration in the United States and the whole world, the theory and policy has hit the rocks and regimes around the world are looking for other answers. This represents a dramatic […]
Tag: Tariff
A tariff is a tax on imports or exports between sovereign states. It is a form of regulation of foreign trade and a policy that taxes foreign products to encourage or safeguard domestic industry. Traditionally, states have used them as a source of income.
