Tariffs and Trade War Dynamics

This chapter analyzes the recent imposition of tariffs on major trading partners like Mexico, Canada, and China, exploring their potential impacts and initial market reactions. The discussion highlights the complexities of retaliatory measures, the shift from globalization to mercantilism, and the political motivations behind these tariffs. Additionally, it examines the implications for domestic manufacturing, job markets, and inflation, while drawing historical parallels to past protectionist policies.