
By Georges Kern
The U.S. government has collected roughly $340 billion in import duties since President Trump announced his Liberation Day tariffs over a year ago. And the economic impact has been more complex than either the supporters, or the critics, want to admit.
But as critics have noted, tariffs are essentially sales taxes on imports — which inevitably means higher costs for Americans who buy those products. Two-thirds of Americans feel that tariffs have increased their personal cost of living.
Washington could minimize this financial burden — while still incentivizing reshoring — by making the tariff regime more targeted and flexible. In particular, it doesn’t make sense to impose tariffs on imported goods that, by definition, cannot be made in America.
Continue reading “When Tariffs Hurt More Than Help”








