Shifts in U.S. Trade Policy and Tariff Impacts

This chapter analyzes the recent changes in U.S. trade policy, focusing on the unilateral decisions made by the current administration and their implications for consumers and industries. It contrasts historical trade agreements with today's measures, emphasizing the significant economic effects of tariffs, particularly on importers, consumers, and American producers. The discussion highlights the complex nature of trade dynamics and the potential risks of adopting protectionist policies.