Navigating America’s Fiscal Crossroads: The Case for Replacing Tariffs with a Value-Added Tax
As the United States grapples with a deteriorating long-term fiscal outlook, mounting national debt, and persistent economic uncertainty, policymakers face increasingly difficult choices regarding tax and trade policy. Over the past several years, tariff revenue has climbed dramatically, more than tripling as a share of Gross Domestic Product (GDP) following aggressive trade measures initiated by…
