Selections from the Preface through Chapter 2.
Time to Eliminate Tariffs
In short, trade benefits the poor. Meanwhile, the poor are disproportionately harmed by tariffs.
Americans are Paying for Trump’s Trade War
The damage to consumers and businesses includes a monthly deadweight loss of $1.4 billion, $12.3 billion extracted from the private sector in the form of tariff revenues, and, in 2018, $68.8 billion in lost economic activity.