Tariffs and Trade: Unpacking Policy Impact

This chapter explores the unexpected implications of recent U.S. tariffs, particularly focusing on how policy research influenced government decisions and the economic outcomes that followed. It examines the effect of tariffs on pricing, sourcing shifts, and the misconceptions surrounding trade deficits, highlighting critical miscalculations by the U.S. Trade Office. The discussion further emphasizes the evolving role of tariffs as tools for broader policy enforcement, raising questions about future trade negotiations and economic strategies.