The Science behind Tariffs and How They Work
Confusion over tariffs has largely shaped the first months of President Donald Trump’s second term. He has repeatedly announced 25 percent tariffs on imports from U.S. neighbors and allies Canada and Mexico, then temporarily delayed and reduced them. Trump has also targeted China, and here he has been less lenient: in February he implemented a 10 percent tariff, and this month he doubled that. He also raised the possibility that steep tariffs on most imports globally will be implemented in April. The results have been uncertainty in the stock market and widespread confusion about which tariffs are actually in effect at any given time. ….[READ]
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