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The Complexity of Tariffs in Trade Policy
This chapter offers a historical perspective on tariffs, tracing their evolution from mercantilism to modern-day trade practices. It examines the conflicting approaches to trade, contrasting protectionist policies with free trade ideals and the economic implications of these tariffs on consumers. The discussion also highlights the recent political dynamics around tariffs, particularly during the Trump administration, and their lasting effects on both the economy and international relations.