Import Tariffs: Why?
Import tariffs are discouraged by economists but celebrated by certain politicians and economic agents. Donald Trump is currently their number one fan, having declared “tariff” as “the most beautiful word […]
Is Industrial Policy Worth the Effort?
The Letta and Draghi reports helped rekindle the European debate over the merits of industrial policy, including the promotion of national champions. Some, like Harvard’s Dani Rodrik, see this type […]
The Cost of a Global Tariff War: A Sufficient Statistics Approach
In an age marked by growing trade tensions and the unraveling of multilateralism, the threat of a global tariff war looms large over the international economic system. But what would […]
The effect of import tariffs on exports
In 2018 and 2019, the United States imposed a series of wide-ranging increases in import tariffs: by August of 2019, 12 percent of US imports were subject to an average […]