the.com/tariff
a tax that pretends to punish foreigners but quietly empties your own wallet
means A tax or duty imposed by a government on imported or exported goods, often expressed as a published schedule of rates.
from From the Italian 'tariffa,' meaning a list of prices or a table of charges, which traces back to the Arabic 'ta'rīf' — 'a notification' or 'making known,' from the root '‘arafa,' to know or inform. The word sailed into European commerce through the busy Mediterranean trade, where Arabic merchants and customs houses were setting the terms; so at its heart a tariff is simply an announcement of what you'll be charged, dressed up over centuries into the bureaucracy of borders.
- origin
- named after Tarifa, a Spanish toll town
- smoot-hawley
- 1930 tariff worsened the Great Depression
- hidden payer
- importers and consumers, not exporters, foot the bill
- revenue era
- funded most US government before income tax
- chicken tax
- 1960s poultry feud still taxes pickup trucks today
smoot-hawley tariff — 1930 us law raising import duties to 45%, worsening great depression
eu steel aluminum tariffs — 2023 eu imposed duties up to 25% on us steel and aluminum imports