The Rise of Tariffs in US Trade Policy

Recent developments indicate a significant shift in U.S. trade policy, highlighted by the announcement of 25% tariffs on goods from Canada and Mexico, alongside 10% tariffs on Chinese imports. This marks a departure from previous trade agreements and reflects a growing inclination toward protectionist measures. Economists express concern over these tariffs and their implications for international trade dynamics, as they challenge the existing consensus on free trade. The uncertainty surrounding these policies raises questions about their long-term impact on economic relationships globally.