Trump loves the Gilded Age and its tariffs. It was a great time for the rich but not for the many

WASHINGTON — In President Donald Trump’s idealized framing, the United States was at its zenith in the 1890s, when top hats and shirtwaists were fashionable and typhoid fever often killed more soldiers than combat. Campaigning for a second term last fall, Trump said of the McKinley era, “We were a very wealthy country, and we’re going to be doing that now.” Today, he says “tariff” is his favorite word and represents “a very powerful weapon that politicians haven’t used because they were either dishonest, stupid or paid off in some other form.” The White House has rushed to raise tariffs on imports from China and on aluminum and steel made abroad while promising that import levies will soon increase on the European Union, as well as new, foreign-made cars, microchips and pharmaceuticals. But the president nonetheless signed a Day 1 executive order calling for the creation of the External Revenue Service to “collect tariffs, duties, and other foreign trade-related revenues.” Commerce Secretary Howard Lutnick suggested Trump’s goal there was “to abolish the Internal Revenue Service and let all the outsiders pay.” Republican strategist Karl Rove, author of “The Triumph of William McKinley: Why the Election of 1896 Still Matters,” has defended the notion of low, reciprocal tariffs on U.S. foreign trading partners. In his inaugural address, Trump called McKinley a “great president” and “natural business man,” who he said “made our country very rich through tariffs and through talent.” Hours later, he signed an executive order overturning an Obama administration directive and renaming America’s tallest peak Mount McKinley. Robert W. Merry, author of “President McKinley: Architect of the American Century,” said McKinley was the leading voice on tariffs at a time when they dominated policy discussions because they were the federal government’s chief source of revenue, given that no income tax existed.