The U.S. already has tariffs on a few sectors. It hasn't gone that great

The U.S. has generally kept tariffs low, but a few domestic industries have long been protected by import taxes and other trade barriers. They offer clues about how Trump's new tariffs might work out.

admin admin
Apr 2, 2025 - 03:05
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The U.S. already has tariffs on a few sectors. It hasn't gone that great
Since the 1960s, the U.S. has charged a 25% tariff on imported pickup trucks. The extra protection from foreign competition encouraged U.S. automakers to concentrate on pickup trucks while largely ceding the market for cheaper, smaller vehicles.

The U.S. has generally kept tariffs low, but a few domestic industries have long been protected by import taxes and other trade barriers. They offer clues about how Trump's new tariffs might work out.

(Image credit: Jeff Kowalsky)

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