There’s Still No Economic Case for New Tariffs(Chatham House)
Colin Grabow
November 18, 2024
Whoever leads the incoming Trump administration’s trade team faces a difficult task. In the face of theoretical flaws, historical experience, and, frankly, common sense, they will have to convince Americans that a policy of deliberate inefficiency and increased costs through higher tariffs will somehow make the country better off.
But prosperity through higher taxes on imported goods is neither an intuitive nor easily swallowed argument—and mountains of economic evidence show why.
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