Tarriffs Are Trouble #312 By Hank Silverberg Commentary We have heard a great deal over the last few weeks about President-Elect Donald Trump's plan to impose tarriffs on foreign imports into this country. He has talked about a tarriff as high as 25% on goods brought in from China, and 10% on goods brought in from our direct neighbors-- Mexico and Canada. Some people think that's a great way to raise revenue, and it will allow the President to then reduce taxes across the board for most Americans. Two problems here, though. The tax cuts imposed during Mr. Trump's first term benefited mostly the very wealthy, and the average taxpayer received very little relief. Trump's theory, which he hopes will be aided by suggested spending cuts by bil...