President Donald Trump’s nominee to lead the Commerce Department, Howard Lutnick, told senators the argument that tariffs cause inflation is "nonsense" during a confirmation hearing.
While average tariffs on U.S. exporters are below 4% in most countries, non-tariff restrictions create barriers equivalent to 40% tariffs, harming American export workers. Next, the United ...
Later in life, as a politician, McKinley would declare himself a tariff man — intent on protecting ... would need export markets and lower trade barriers abroad, historians say.
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