Project Syndicate
May 23, 2019
HKS Authors
See citation below for complete author information.
James W. Harpel Professor of Capital Formation and Growth
Abstract
Whereas winners tend to outnumber losers when trade is liberalized, raising tariffs normally has the opposite result. US President Donald Trump appears to have engineered a spectacular example of this: his trade war with China has hurt almost every segment of the US economy, and created very few winners.
Citation
Frankel, Jeffrey A. "The Real Cost of Trump’s Tariffs." Project Syndicate, May 23, 2019.