A Primer on Tariffs

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Date

2025-01-29, 1/29/2025

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Publisher

Private Enterprise Research Center, Texas A&M University

Abstract

Tariffs are taxes explicitly on imported goods, either broad-based or product-specific, often used to manage trade, protect domestic industries, or as a negotiation tool in international relations. In this issue of PERCspectives on Policy, PERC's Montgomery Professor Dennis Jansen discusses the purpose and past U.S. history of tariffs, and their role in modern day trade policy.

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Keywords

tariff, tax, tariff history, trade policy

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