Ever since the November 2024 election, and to some extent even before the election, we have fielded a lot of questions about tariffs. Are tariffs a good idea? Are they inflationary? Will tariffs drive up prices for the American consumer?
In order to find the answer, we look at the data. In reviewing the data, we see some very clear unintended consequences, some of which our nation has been struggling with for almost 100 years.
And if Senator Kennedy wants to decrease our nation's usage of high-fructose corn syrup, he should ... advocate for the removal of a tariff?
You can watch this brief Economics Explained video by clicking below.
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