Tariffs are a tax. There are three types of tax system, each with its own pros and cons. First, there is the flat tax. In a flat tax system everyone pays the same rate of tax. If an income tax is flat, everyone, regardless of income level, pays the same rate (percentage of income) in tax. The sales tax in the United States is an example of a flat tax. Everyone pays the same sales tax rate for purchasing the item, regardless of income level or amount purchased. Next we have the progressive tax system. In a progressive tax system the rate of tax climbs with ability to pay. The higher your income, the higher your marginal tax rate. Income taxes in most countries are progressive. Your tax rate is higher for $1,000,000 of income than for $100,000 of income. People earning $20,000 pay an even lower tax rate. Often there is a level of income not subjected to the income tax. Finally we have regressive tax systems. Under a regressive tax system taxes go down the more you have.…