Tariffs and Industrial Policy: A Historical Perspective

This chapter analyzes the impact of Trump's tariffs within the context of U.S. economic history, particularly focusing on protectionism's role in America's industrial rise. It critiques the motivations behind these tariffs, suggesting they are aimed more at domestic signaling than genuine trade strategy, while also examining the broader economic implications and shifts towards neoliberalism. The discussion contrasts historical and contemporary approaches to tariffs, urging a reevaluation of their role in fostering national industry against a backdrop of increasing de-industrialization.