The United States drastically cut its reliance on tariffs as a primary form of federal revenue over a century ago. With Donald Trump?s return to the White House, a lot of things are going to change ? While on the campaign trail, the president-elect made a number of promises regarding tariffs on foreign-made goods. Specifically, Trump said as recently as November 4 that there would be tariffs of at least 25% ? Presuming Trump makes good on those promises, that would mean that a slew of imported items.

Source: Forbes November 07, 2024 17:54 UTC