The Complexity of Tariffs: Historical and Contemporary Perspectives

This chapter explores the implications of tariffs under the Trump administration, focusing on their potential impact on various industries and consumer prices. It traces the historical evolution of tariffs in the U.S., revealing how their management has shifted over time and the common misconceptions surrounding their financial burden. The discussion also contrasts blanket tariffs with targeted tariffs and examines their effects on supply chains, economic stability, and consumer behavior.