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Tariffs and Their Economic Impact
This chapter explores the implications of tariffs imposed during the Trump administration, particularly their effects on small and medium-sized manufacturers in the U.S. and the broader economy. The discussion addresses the challenges of trade relationships, job gains and losses in various sectors, and the complexities of U.S.-China dynamics amidst geopolitical tensions. It critically examines the effectiveness of tariffs in curbing practices like intellectual property theft and highlights the need for a coherent industrial policy moving forward.