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The diversion of trade from one country to another due to tariffs.
Independent economists broadly judge Trump’s post‑2024 tariff thrust as contractionary for growth, inflationary for consumers, and prone to trade diversion—while acknowledging offsetting effects from ...
A universal on all imports would raise substantial federal revenue but, by most mainstream models, would also boost consumer prices, shrink overall economic output, and redistribute costs across house...
The Constitutional Convention confronted a messy patchwork of state tariffs and retaliatory duties that threatened interstate harmony, prompting delegates to centralize in the as both a revenue source...