December 29, 2024
A discussion with Maurice Obstfeld on why steep, across the board tariffs will prove costly to US consumers and producers, and won’t revive US manufacturing.
June 16, 2024
A discussion with Kim Clausing on how tariffs can negatively impact consumers, adversely affect domestic industries, and invite retaliatory tariffs from trading partners.
May 19, 2024
The use of economic sanctions has surged in recent decades. But what does the evidence say about their effectiveness in influencing the actions of other countries?
July 8, 2024
Trade policy could help reduce global carbon emissions significantly. But simply adding carbon border taxes to the existing tariff system is not very effective.
February 12, 2023
Chad Bown joins Michael Klein to discuss whether recent calls to restrict trade by incentivising domestic production over purchases from abroad will ultimately strengthen or weaken the U.S. economy.
February 6, 2020
The 2018 tariffs raised domestic steel prices, putting downstream U.S. manufacturing firms at a disadvantage relative to foreign competition.
October 10, 2019
Costs imposed by tariffs go beyond the direct dollar-price increases on targeted goods. Evolving estimates range in value depending on what they take into account.
May 14, 2019
U.S. consumers and the firms that make and buy goods subject to tariffs can all pay a portion of the tariff cost. Determining how much is an empirical question.
June 15, 2018
The United States has taken a series of unilateral trade measures against Canada, Mexico, the European Union, China, and other trade partners. The actions risk destroying the trading system administered by the World Trade Organization.
February 26, 2018
There are more jobs in industries that require steel than in steel production. Tariffs will raise the price of steel in the U.S. and may hurt these industries.
November 20, 2017
The U.S. imposed a wide range of trade restrictions on Japan in the 1980s. But the bilateral trade deficit remained high and declined with the Great Recession.