Policy analysis demonstrates shifts toward tariffs and executive authority in US trade, highlighting rising consumer costs and business uncertainty.
Recent shifts in US trade policy mark a decisive break from decades of liberalization, driven by expanded executive authority and the aggressive use of tariffs. These policies aim to rebalance trade, revive domestic manufacturing, and increase bargaining leverage, but they impose significant costs on consumers and create uncertainty for businesses and investors.
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Lake et al. (2026) studied this question.
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