Ed Gresser

are simple.

A tariff is a tax that is imposed on the product that is imported.

Tariffs have played a big role in American history for many, many years up until the beginning of the last century.

Tariffs were the primary way that the U.S.

government collected revenue.

We financed our entire government through tariff collection.

Just seems like a very easy thing to do.

I'm going to impose a tariff.

I'm going to put it on this other country because the other country is going to pay the tariffs.

That's the rhetoric.

That's the narrative.

And it's going to appear to be something that's not going to hurt the U.S.,

We fought a war over it.

Literally, the whole reason we fought the Revolutionary War is we had taxation without representation.

I mean, these words are drummed into our souls.

This is why the founders put tariffs in Article I, Section 8.

We often say that tariffs are the hidden tax.

And I think that it's important for folks to understand that these tariffs, even when they don't see them, even when the headlines disappear, they still exist.

The reality is tariffs are taxes that are paid on U.S.

imports.