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The Independent UK
The Independent UK
Andrew Feinberg

Why is Trump stoking a trade war? In short - nostalgia

Donald Trump has been long fixated on the idea that tariffs could solve the country’s budgetary problems.

The concept has a lengthy history. Until 1913 saw the introduction of the 16th Amendment granting Congress the power to levy income taxes, tariffs were the sole source of revenue for the federal government.

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