
Prof. Jeffery Sachs: The Disaster of Tariffs
Judging Freedom
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The Economic Fallout of Tariffs
This chapter explores the adverse economic effects of tariffs, emphasizing their negative impact on consumers, international trade, and the interconnectedness of global economies. It critiques the rationale behind current U.S. tariff policies and reveals how these measures inadvertently increase costs, disrupt supply chains, and harm domestic industries. The discussion also highlights the strain on international relations and the potential long-term consequences for the U.S. economy.
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