July 2025

Historical Tariff Rates in the U.S.

I don’t know what the actual tariff rates will finally turn out to be. The chart shows you that they haven’t been this high in 75 plus years. Economists argue about the impact of the Smoot-Hawley tariffs (19.8%- show in the chart) but it wasn’t good. Tariffs never have an overall positive impact on any

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The Reality of American Manufacturing

Articles Worth a Look

“The current national conversation about manufacturing confuses a reduction in manufacturing jobs with a slowdown in U.S. manufacturing. Period. Once we have properly understood this distinction, unpacked the reality of both, cared to look into the causation of both, and fully analyzed what it all means, we will have a much more effective understanding of the

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