Other than the issue of immigration, nothing has gained more national and international attention than the Trump administration's employment of tariffs as a method of dealing with not only trade disputes, but also other international issues.

Prior to the income tax (instituted in 1913), tariffs were the major source of income for the U.S. federal government. Our state governments are prohibited by the Constitution from enacting tariffs on other states. It is rather difficult to argue that a tariff is not a tax. After all, the revenue flows to the government, and the tariff is attached to the particular product or service upon which the tariff is levied.

Although a tariff may be absorbed to some degree by foreign manufacturers, the result is generally higher........

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