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Don’t remember tariffs from your history class? Here’s a quick — and important — refresher.

Are tariffs a powerful economic incentive to restore American manufacturing? Or a fast way to destroy globalism and/or the world’s economies? Are they a threat that will be quickly repealed? Or a long-lasting policy shift? Only time will answer these questions. And since we cannot tell the future, let’s take a look at the history of U.S. tariffs and explore their economic impact.