How America learned to love tariffs
Protectionism hasn’t been this respectable for decades
ALTHOUGH HIS bill has no chance of becoming law, Jared Golden, a congressman from Maine, delivered an important message last month when he introduced legislation to impose a 10% tariff on all imports into America. It is not just that Mr Golden is the author of the first formal attempt to act on Donald Trump’s proposal for a universal tariff. It is that Mr Golden is a Democrat. His bill is an indication of how tariffs, long seen as an obsolete tool of economic policy, have gained respectability across much of the political spectrum in America.
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This article appeared in the Finance & economics section of the print edition under the headline “How America learned to love tariffs”
Finance & economics October 12th 2024
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From the October 12th 2024 edition
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Europe’s green trade restrictions are infuriating poor countries
Only the poorest can expect help to cushion the blow
Why have markets grown more captivated by data releases?
Especially when the quality of statistics is deteriorating