The economic theory of comparative cost advantage is more akin to natural law -- it can’t be wished away. And during the ongoing trade war ignited by Donald Trump, it has never been more relevant.
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Articles on Tariffs
Displaying 1 - 20 of 65 articles
The president says he's fighting his trade war because a generation of free trade has failed working-class Americans. An economist explains why tariffs will only make things worse.
The Trump administration's promise of $12 billion in aid to offset losses from retaliatory tariffs will not make up for the long-term consequences of a prolonged trade war.
Canada recently slapped a tariff on US exports of the tomato-based condiment, and the EU plans to do the same, perhaps on the notion that it's distinctly American. In fact, ketchup’s origins are global, as are its fans.
Chinese investment in the US has never been high, but the ongoing trade war could dampen it further, with significant long-term repercussions.
Trump has started a trade war with China and much of the world. Here's what you need to know.
While the US gets protectionist, China is working to establish itself as a leader in global trade rules.
The president launched a trade war largely on the premise of a massive trade deficit with China. A closer look at the iPhone shows why he's wrong.
The motorcycle maker angered Trump after it said it plans to move some production overseas to avoid EU tariffs – just a few months after the president praised the company for being a 'true American icon.'
Donald Trump's obsession with trade deficits, and his subsequent wielding of the tariff big guns, is the absolute wrong approach for the U.S. economy.
If the US were to stop dumping these valuable metals in landfills and to cease exporting them as cheap scrap, its imports could fall, and there would be less of these metals being made from scratch.
After the G7 fiasco, it's clear that a trade war is in the making. US justifications of "national security concerns" for its tariffs suggest a legitimate target for EU countermeasures: coal.
International trade policy requires three traits to be successful and lead to mutual prosperity. Trump's is missing all three, as he showed at the G-7 summit.
Seven world leaders with axes to grind are preparing to sit round one table. Sparks will fly.
US tariffs could potentially benefit some EU firms that rely on steel and aluminium.
The underlying problem with Donald Trump's tariffs on steel and aluminum isn't Trump. It's the increasing willingness by the U.S. to impose its will on its neighbours amid rising economic nationalism.
The Trump administration recently imposed tariffs of up to 25 percent on foreign steel and aluminum – including from the EU, Canada and Mexico, the three biggest markets for American goods.
From a public relations perspective, the Canadian government's retaliatory tariffs against the U.S. are a win. But the tariffs on everything from mayo to orange juice will hurt Canadian consumers.
Donald Trump's 'Art of the Deal' may be all about talking tough, bluffing and bullying, but as any poker player knows, there comes a time to call a bluff. If there ever was such a time, this is it.
In the second article in the Oxford-style debate series “The impact reflected by Trump is here to stay”, Prince C. Oguguo argues that Donald Trump’s impact will outlive his presidency.
Top contributors
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Associate Professor of Economics, University of South Carolina
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Lecturer in History, University of Exeter
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Arthur J. Gosnell Professor of Economics, Rochester Institute of Technology
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Associate Professor of Political Science, Georgia State University
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Assistant Professor of Economics, University of California, Merced
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Director, Trans African Consulting Group, and Senior Research Fellow University of Johannsesburg, University of Johannesburg
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Professor in Food Distribution and Policy, Dalhousie University
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Associate Professor of Political Science, Brock University
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Professor of Economics, Colorado State University
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Associate Professor of Economics, Colorado State University
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Jean Monnet Chair in Politics and Economics, Monash University
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Senior Lecturer in the Department of History, University of Birmingham
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Research economist, University of Melbourne
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Professor of Economics, RMIT University
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Senior lecturer, Aston University
