President Joe Biden and former President Donald Trump both portray tariffs as magic wands to create national prosperity. Trump is calling for a 10% across-the-board tariff on imports, while Biden is imposing selective tariffs that he portrays as miracle cures for any economic malaise. But tariffs have always been and always will be an enemy to prosperity and individual freedom. The U.S. tariff code is the accumulated junk heap of centuries of political payoffs and kickbacks. In 1790, the Tariff Code consisted of a single sheet of rates posted at U.S. Custom Houses; now, our tariff code...
















