Tariffs and Trade: A Shift in Perspective

This chapter analyzes the recent shift in U.S. trade policy, particularly the increasing support for tariffs during Trump's administration, questioning the prevailing belief in free trade as inherently beneficial. It critiques historical trade practices and emphasizes the need for a reevaluation of economic models to address the challenges faced by workers affected by globalization. The discussion highlights the complexity of tariffs as a tool of statecraft, their implications for domestic industries, and the broader consequences for global trade dynamics.