Tariff Snake Oil: How Protectionism Robs Your Wallet

Populist Math and how Taxing Imports Ends Up Taxing You

It is a peculiar irony that the same people who bemoan the cost of living and inflation are the ones cheering on a policy that will make everything more expensive. Tariffs are, at their core, a tax on Americans. They are not paid by Canada, nor Mexico, nor China. They are absorbed by importers, who promptly pass the costs on to consumers. And yet, the f…