Some Basics about U.S. Tariffs, and What Trump’s New Economic Team Said about Tariffs

The proposals by the incoming Trump administrations to levy new and additional tariffs against China, Canada, Mexico, the EU, etc. have unleashed a torrent of anti-tariff nonsense in the media, pushed by globalization-mongers, by Corporate America perennially in search of cheap labor, and by foreign countries that have been riding this big US gravy train.