Group 1: Macroeconomic Insights - Trump's admiration for McKinley highlights a shift towards protectionism, reminiscent of historical tariff policies[2] - The McKinley Tariff Act of 1890 raised import duties to 49.5%, significantly impacting domestic industries[3] - The U.S. domestic production of tinplate rose to over 60% by 1895 due to protective tariffs, achieving self-sufficiency by 1898-1900[3][24] Group 2: Economic Implications - High tariffs led to increased prices for consumers, effectively subsidizing domestic manufacturers[3][28] - The estimated long-term economic output reduction from proposed tariffs under Trump could be 1.3% if implemented[3][36] - The McKinley tariffs faced backlash, leading to a significant political shift and economic downturn in the early 1890s[3][31] Group 3: International Trade Dynamics - Canada's exports to the UK surged from $3.5 million to $15 million post-McKinley Tariff, showcasing a shift in trade relationships[4] - The British Empire's imperial preference system mitigated the impact of U.S. tariffs on its colonies, contrasting with U.S. protectionist measures[4][41] - Historical parallels suggest that modern protectionist policies may provoke similar nationalist responses in trade partners[4][43]
特朗普的憧憬：关税之王麦金莱
China Post Securities·2025-03-28 10:09