From the Smoot-Hawley Act to Trump’s current trade war, economic history clearly demonstrates that protectionism is not only ineffective, but counterproductive. In a world where value chains are ...

President Donald Trump and his defenders claim that his recent tariffs will usher in “a new Golden Age of American industrialization and prosperity.” As the president put it, “Tariffs are not just ...

Feeling tariff whiplash? You’re not alone. On April 2, 2025, President Donald Trump announced sweeping new tariffs – a 10% levy on nearly all U.S. imports, along with targeted duties aimed at ...