Tariffs and Their Impact on American Trade

This chapter analyzes the re-emergence of tariffs in U.S. trade policy, tracing their revival under recent political administrations. It examines the economic implications of tariffs on American consumers and manufacturers, particularly in the automotive industry, while also addressing misconceptions about who truly bears the cost. The narrative emphasizes the complexities of global supply chains and the outdated nature of tariffs as a solution for revitalizing American manufacturing.