The Costs of Tariffs (VIDEO)
Fletcher School, Tufts University and Harvard University
This conversation was recorded on August 1, 2019.
Politicians often advocate for tariffs in an effort to protect jobs in a particular industry, such as those of steel workers. But positive employment effects are frequently muted, and can be outweighed by job losses -- for instance at companies that use steel as an input. Michael Klein, Executive Editor of EconoFact, and Marc Melitz (Harvard) discuss the employment costs of protectionism and the broader disruption it can cause for integrated supply chains.