RED ALERT! MCKINLEY TARIFFS SEEM TO HAVE BEEN PAID BY EXPORTERS, NOT IMPORTERS PLUS HISTORY TRUMP IS PLACING TOO MUCH WEIGHT ON TARIFFS TO REPLICATE US WEALTH IN 19 C

RED ALERT

A SEARCH OF ACDEMIC LITERATURE  ON THE MCKINLEY TARRIFS SUGGESTS THE FOREIGN EXPORTERS PAID THE TARIFF TAXES AND NOT US COMPANIES AS UNDER TRUMP S PLAN

THE ENTIRE POINT OF TARIFFS IS TO MAKE IT MORE EXPENSIVE FOR FOREIGN EXPORTERS TO ENTER THE US MARKET BY CHARGING THEM AN EXTRA TAX

TO CHARGE THE US COMPANIES THE TARIFF TAX IS TO ADD A BURDEN TO THEM JUST AS THEY NEED MORE CASH FOR INVESTMENTS IN THE US TO PRODUCE SUBSTITUTE PRODUCTS

From media 

Most economic historians attribute America’s late 19th/early 20th century growth to factors beyond tariffs, including technological innovation, abundant natural resources and a rapidly growing domestic market. The average annual GDP growth rate from the 1870s to 1913 was around 4%, outpacing other major economies of the time.

https://www.freightwaves.com/news/revisiting-the-mckinley-tariff#:~:text=The%20McKinley%20Tariff%20of%201890,and%20workers%20from%20foreign%20competition.

Vital to note the US had sound money before the Fed was privatized in 1913 like China does now.

Also vital to note is that foreign exporters seem to have paid the tariffs and not US companies and importers.

That makes economic sense.  The point is to make it too expensive for foreign companies to enter the market and collect the tariff taxes from those foreign companies who still do.

Charging US companies the tariff tax does not make economic sense as it increases the burden on US companies at a time when they need cash to invest in new production in the USA to avoid an acute shortage of products on the market and inflation, and yet that is Bessent and Trumps plan.

Scott Bessent worked for George Soros, who has zero interest in seeing Trump succeed in his MAGA agenda.

Might Bessent be secretly sabotaging the US economy by placing the tariffs on the US companies and not foreign exporters as the McKinley tariffs seem to have been from media

From media

In that model, only the more productive firms can overcome the fixed costs of exporting, and trade liberalization causes within-industry reallocations (the most productive expand, the least productive contract). How would a high tariff look through the Melitz lens? Essentially as a trade cost that selects which foreign firms can serve the U.S. market. Under McKinley-level tariffs, many foreign firms that previously exported to the U.S. would find it unprofitable to continue (especially smaller or higher-cost producers). Only the most efficient foreign firms, which can still compete even after paying the tariff, would export to the U.S. Thus, American consumers might still see some imported varieties, but fewer than before, and those that remain could be from the best foreign producers (who can cut prices to absorb

AND

Hawaiian sugar planters lost their preferential access (previously they had free entry while other countries paid duty) and also did not get the bounty that U.S. domestic producers got.

https://kevinbryanecon.com/o3McKinley.pdf

WHO PAYS THE TARIFF TAXES?

The Republican campaign orators and pamphleteers say that the various import duties levied by Congress are paid by the foreigners who send goods to America, and they deny point blank that the price of any article which may be called a necessary expense will be increased to Americans by the operation of the new tariff law. 

https://taxfoundation.org/blog/tax-history-lesson-mckinley-tariff/