and before income tax all the money that the USA raised was through charging TARIFFS Anton !!
Must've been a great idea, hmm I wonder why we stopped doing that...oh yea because at some point we started manufacturing stuff and selling it overseas.
Here is what 35% tariffs will do:
1. Will usher in a new tariff war era and disrupt businesses and markets -
BIGLY.
2. long term will force corporations to setup factories or at least round-about made-in labeling scheme in EACH country.
3. This is counter to efficiency gained in economies of scale and will make products more expensive
for everyone.
If you are going to turn huge chunk of economy on it's ear you damn better have a good reason to.
Employment is nearly full at 4.6% unemployment, we have near record job openings and compensation jumped up 5% in 2015-2016 and we have a shrinking prime age work group so what are doing this for exactly?
Instead of going down dangerous tariff war path we should be concentrated on better matching our workforce to jobs we already have open.