The costs and gains of tariffs

David Autor, Anne Beck, David Dorn, and Gordon H. Hanson query whether tariffs help the heartland, for the National Bureau of Economic Research. The New York Times interprets the report and the costs and gains it created. In the Wall Street Journal, Greg Ip explores what might happen if Trump imposes 60% tariffs on Chinese imports. The US goods trade deficit with China hit its lowest level since 2010, writes Bloomberg.

Mentioned publications

Help for the Heartland? The Employment and Electoral Effects of the Trump Tariffs in the United States - David Autor, Anne Beck, David Dorn and Gordon H. Hanson, National Bureau of Economic Research, January 2024
A new paper studying the impact of Trump’s tariffs finds no economic help but increased political support for Trump.
Trump’s Tariffs Hurt U.S. Jobs but Swayed American Voters, Study Says – Ana Swanson, The New York Times, February 2, 2024
Trump’s tariffs imposed costs without raising employment in the short term, but won political favor.
A China-U.S. Decoupling? You Ain’t Seen Nothing Yet – Greg Ip, The Wall Street Journal, February 7, 2024
Will 60% tariffs on all imports achieve US-China decoupling?
Trump’s Favorite Metric Has Biden Winning the US-China Trade War – Bloomberg, February 6, 2024
The US deficit in goods trade with China in 2023 hit its lowest annual level since 2010.