Left Hand Valley Courier - All Local, All The Time

Editorial: Tariffs and unintended consequences

 


…In this world nothing can be said to be certain, except death and taxes.

Benjamin Franklin – 1789

There is one thing I’ve learned in life – everything has a consequence. But it’s the unintended consequences that often catch us by surprise.

Tariffs have been in the news lately. Simply put, (thank you Google) a tariff is “a tax or duty to be paid on a particular class of imports or exports.”

Tariffs are said to protect jobs and goods. If a tariff is placed on materials coming into the country, those materials, either finished or unfinished, will be more ex...



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