The Trouble with Tariffs and the Future of Trade
Power Problems
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Unpacking Tariff Policies: Impact and Consequences
This chapter examines the complexities and unintended effects of tariff policies during the Trump and Biden administrations, particularly focusing on U.S.-China trade relations. It highlights how tariffs have shifted economic burdens onto American consumers, the retaliatory nature of trade disputes, and the lobbying efforts by industries seeking exemptions. Additionally, it warns of the significant financial impacts that proposed future tariffs could have on American households and the broader economy.
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