Donald Trump is bringing his idolatry of high tariffs back to the White House. Trump proclaims that “tariffs are the greatest!” and that “tariff” is “the most beautiful word in the dictionary.” Vast numbers of his Republican supporters will echo any dubious dogma that Trump sanctifies. In the coming months, Washington will be deluged with convoluted economic analyses vindicating or damning high tariffs. To vanquish the new protectionism, the friends of free trade should recall the lofty rhetoric from an era when the tariff was debated with far more clarity and passion. High tariffs became...
















