Last week, PPI’s Ed Gresser, Vice President and Director for Trade and Global Markets, put out a trade fact of the week tying together the history of July 4th and Trump’s proposed tariff plan. As you can see in the graphic below, Trump’s campaign proposal would raise taxes on Chinese tea 2% higher than what triggered the Boston Tea Party.
Trade Fact of the Week: The Trump Campaign is Proposing a Higher Tea Tax than George III
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