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Kent Jones

Kent Jones

The Conversation

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Tariffs are taxes and they were used to finance the federal government until the 1913 income tax. A top economist breaks it down

The last major U.S. tariff law was the Smoot-Hawley Tariff Act of 1930, which established an average tariff rate of 20% on all imports by 1933.

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Fortune

Kent Jones

Tariffs 101: What they are, who pays them, and why they matter now

Tariffs 101: What they are, who pays them, and why they matter now

Tariffs are taxes on imports, but the costs don’t stay at the border.

11.12.2025 4

The Conversation

Kent Jones