222 years have gone by and the tariffs collected by the USA hasn't even kept up with the cost of doing business.
In 2010 the USA collected $25,298,000,000 in tariffs. It funded 1.2 percent of the USA Budget. The tariff rate was 1.3%.
The tariff schedule for the USA is called "Harmonized Tariff Schedule."
The U.S. Harmonized Tariff Schedule classifies a good based on its name, use, and/or the material used in its construction and assigns it a ten-digit number. There are over 17,000 unique ten-digit HTS classification code numbers.
The Harmonized Tariff Schedule is based on the international Harmonized Commodity Coding and Classification System established by the World Customs Organization (WCO). Virtually all countries base their tariff schedules on the WCO's Harmonized System.
Currently, the Harmonized Tariff Schedule (click here) is off line for repair and is expected to be back online on January 19, 2014.
Consumers don't really pay tariffs directly, Wall Street does. If a citizen is returning from overseas they pass through customs. They are assessed for taxes with any incoming commodity. The USA is giving away it's domestic market to facilitate other nations wealth.
Think about it.
