Duty regime: America’s consumers will foot the tariff bill
Economist Podcasts
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The Tariff Tug of War
This chapter explores the implications of U.S. tariffs designed to penalize countries with trade deficits, highlighting their complex effects on the American economy. It argues that while intended to protect domestic interests, these tariffs often result in increased costs for consumers and uncertainty for businesses. The discussion emphasizes the long-term consequences of tariffs, illustrating how they may hinder innovation and limit consumer choice.
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