Relevant and even prescient commentary on news, politics and the economy.

Trump’s “External Revenue Service”

Kevin Drum has a post up at jabberwocking.com about Trump’s proposed “External Revenue Service.” This agency, which would duplicate the work currently done by Customs and Border Protection, would allegedly be responsible for collecting tariffs from exporting countries. Only that’s not how tariffs work—they’re collected from US importers, who in turn pass them on to […]