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The Surprising History Of Tariffs And Their Role In U.S. Economic Policy
- 🞛 This publication is a summary or evaluation of another publication
- 🞛 This publication contains editorial commentary or bias from the source
Since the 1930s, the U.S. has moved away from protectionism in favor of trade liberalization. Agreements like the General Agreement on Tariffs and Trade (GATT) and its successor, the World Trade Organization (WTO), have dramatically lowered global tariffs. Today, roughly 70% of all products enter the U.S. duty-free.
Read the Full Forbes Article at:
[ https://www.forbes.com/sites/greatspeculations/2025/02/18/the-surprising-history-of-tariffs-and-their-role-in-us-economic-policy/ ]
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