Kinda
U.S. tariff history is marked by distinct eras, beginning with the Revenue Period (1790–1860) focused on raising federal income through duties, followed by the Restriction Period (1861–1933), characterized by high protective tariffs to shield domestic industries, and transitioning into the Reciprocity Period (post-1934) marked by a focus on bilateral trade agreements and declining tariffs. Recent policies, particularly those by the Trump administration and continued by the Biden administration, have introduced sweeping tariffs, signaling a potential shift away from the post-WWII era of lower tariffs and globalization.