Trump’s tariff policy is to lay and collect tariffs designed to advance an America first policy, an example being his reciprocal tariff . . . if China imposes a 20% tax on American imports, the USA will return the favor with a 20% tariff on China’s imports.
Aside from that, our founders’ use of targeted taxes at our water’s edge was instrumental in encouraging America’s ship building industry, which eventually led to America having the most powerful merchant marine and navy on earth. See for example:
Chap. II.—An Act for laying a Duty on Goods, Wares, and Merchandises imported into the United States. JULY 4TH, 1789
SEC. 5. And be it further enacted by the authority aforesaid, That a discount of ten per cent. on all the duties imposed by this act, shall be allowed on such goods, wares and merchandises, as shall be imported in vessels built in the United States, and which shall be wholly the property of a citizen or citizens thereof, or in vessels built in foreign countries, and on the sixteenth day of May last, wholly the property of a citizen or citizens of the United States, and so continuing until the time of importation.
This patriotic use of taxing at our water’s edge not only filled our national treasury, but gave American ship builders a hometown advantage and predictably resulted in America’s ship building industry to flourish and America’s merchant marine to become the most powerful on the face of the planet. Unfortunately, last time I visited the docks in New York’s Hell’s Kitchen area, I was very saddened that I could no longer read the names on the docked ships as they all seemed to be foreign owned foreign built vessels…an irrefutable sign of America’s decline traceable to the ravages of our international “free trade crowd” and a traitorous sellout of America’s sovereignty to the highest international bidders by members of Congress and our presidents, past and present!
The bottom line is, taxing at our water’s edge as our Founding Fathers intended helped to pave the way for America to become the economic marvel of the world. And the proof is, by the year1835 America was manufacturing everything from steam powered ships, to clothing spun and woven by powered machinery and the national debt [which included part of the revolutionary war debt] was completely extinguished and Congress enjoyed a surplus in the federal treasury from tariffs, duties, and customs. And so, by an “Act to regulate the deposites of the public money”, June, 23rd, 1836, all surplus revenue in excess of $ 5,000,000 was decided to be distributed among the states, and eventually a total of $28,000,000 was distributed among the states by the rule of apportionment in the nature of interest free loans to the states to be recalled if and when Congress decided to make such a recall.
JWK
When violent hate America demonstrations occur in the U.S. (as they now are) and terrorist attacks begin on American soil, let us not forget it was the current Democrat Party Leadership who encouraged and invited millions upon millions of poverty-stricken, poorly educated, low-skilled, diseased, disabled, criminal, un-vetted terrorist and religious fanatic foreign nationals, into our country’s inner cities.