The history of tariffs does not benefit anyone but the elite and the wealthy

Donald J Trump is reinstating protectionist rhetoric, using tariffs (taxes on imports) as a tool for reindustrialisation, political pressure and wealth redistribution, while the American elite continues to support him, despite the potentially devastating effects on the global economy.

Is Trump turning his tariffs against the United States’ historic allies? One doesn’t have to be a genius to see that. At the same time, the local elite stands by Trump,