Tariffs Are a Dumb Way to Fight a Trade War. Here’s the Hidden Tax That Actually Works.
Every time politicians try to fix trade imbalances, they reach for tariffs—a blunt instrument that spikes inflation and sparks retaliation. But what if the most effective trade policy isn’t a tariff at all? By taxing foreign capital gains instead of imported goods, we can balance trade, protect workers, and stop global elites from extracting wealth without paying their fair share.