The American Trump Dictatorship of 25% Tariffs

"Protectionism is a misnomer. The only people protected by tariffs, quotas and trade restrictions are those engaged in uneconomic and wasteful activity. Free trade is the only philosophy compatible with international peace and prosperity." ~ Walter Block
"Any time you read that your government is erecting tariff barriers, supporting threatened industries with subsidies, or interfering in any way with free trade between individuals or nations, you must realize that your standard of living is being lowered as a result." ~ John Pugsley

You witness the announcement of the American Trump dictatorship imposing a 25% tariff on Mexico and Canada as a means to generate government revenue, boost up industries, and fund public— government services. However, the extent to which this tariff contributes to the overall tax base remains almost insignificant.

As you look back at U.S. history, you see a pattern of tariffs placed on countries like Canada, China, the EU, and Mexico. While these tariffs do bring revenue to the U.S. Treasury, you realize that they make up only a small fraction of total tax income. Instead, social services rely primarily on income and payroll taxes. Yet, with Trump’s administration slashing taxes across America, you notice his attempt to recoup lost revenue by imposing tariffs on nations worldwide, hoping to cover government spending through international taxation.