Choice architecture

Where Tariffs Are Pink

A single number cannot describe a tariff.Just a snippet from 700 pages of tariffs in the Harmonized Tariff Schedule, the following partial page is on blankets. You can see electric, wool, and cotton blankets are categorized differently: Further checking the U.S. Harmonized Tariff Schedule, you would discover that (favoring the affluent) items made from wool, cashmere, and silk have lower rates than cotton, polyester, and nylon. In addition, gender matters. Let’s take a look. ….[READ]