Tariffs Hurt Everyone, So Why Have Them?

We've known tariffs don't work for well over a century, so why does anyone still have them?

Last week, President Trump announced his intention to place tariffs on steel and aluminum. Unfortunately for the president—and everyone else, should these tariffs be imposed—more than a century of economic data make it very clear that tariffs are a net negative for the economy. But what are tariffs, anyway? Why are they so awful? And, if they are, why does any country impose them? Join Antony Davies and James Harrigan as they talk about this and more on this week's episode of Words and Numbers.

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Quick Hits

United replaces bonuses with lotteries


China bans things


Foolishness of the Week


Topic of the Week: Trade and Tariffs

 

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Further Reading

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