A Return to America's Funding Roots?
The Trump administration's proposal for a 20% blended tariff rate is making waves. But did you know tariffs were once the cornerstone of the U.S. government's funding?
In a clip from The Call @ Hedgeye, Macro & Financials analyst Josh Steiner sheds light on this historical context, noting that the move is "far from unprecedented."
"For more than half of the country's history, more than half of federal revenues have come from tariffs," Steiner explains.
He adds that between the 1870s and World War I, tariffs accounted for 40-50% of federal funding.
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