Planet Money Summer School

Intro Econ 5: Trade & Santa

Aug 5, 2020

26:24

Highlights

AI Chapters

Episode notes

The Pitfalls of Tariffs on Workers and Trade

01:41

Gains from Trade and the Significance of Borders

01:44

Introduction

2min

The World of Tariffs

2min

What Is a Santa Suit?

3min

The Struggle Over Santa Suits

2min

The Importation of Santa Suits

2min

How Ruby's Costume Company vs. The United States Gets a Santa Suit

2min

The Trouble With Tariff Codes

2min

The Importance of Customs on the Tariff Code

2min

The Importance of Tariff Engineering

2min

10.

Ruby's Costume Company vs. The United States

2min

11.

The Inefficiency of the Santa Claus Suit

2min

12.

The Deadweight Loss of the Tax

2min

13.

The Politics of Tariffs

2min

14.

The Effects of Tariffs on the Economy

2min

15.

The Importance of Trading With Others

2min

The economics of free trade and what happens when governments get involved. | Subscribe to our weekly newsletter here.

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