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tariffs, The Economic Impact

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Harvard Kennedy School |
Harvard Kennedy School international trade expert Robert Lawrence discusses what higher tariffs will mean for the United States and the world.
Time |
China announced countermeasures on Friday, raising tariffs on U.S. goods from 84% to 125% starting Saturday.
Reuters |
U.S. stock index futures fell on Friday after China increased its tariffs on U.S. imports to 125%, escalating a trade war that could disrupt global trade and trigger an economic downturn.

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Explainer: How do tariffs work and how will they impact the American and global economy?
Harvard Kennedy School international trade expert Robert Lawrence discusses what higher tariffs will mean for the United States and the world.
The Economic Impact of Tariffs: Lessons from History and Current Risks
The potential implementation of tariffs presents significant economic risks that may be overlooked in the current bullish market environment. Historical evidence and economic principles suggest that tariffs can have far-reaching negative consequences despite their intended benefits.
How Will Trump's 90-Day Tariff Pause Impact the Economy?
Ben Harris, Vice President & Director of Economic Studies at the Brookings Institution and Former Assistant Secretary of the Treasury for Economic Policy, discusses how President Trump's 90-day pause on reciprocal tariffs for countries who haven't retaliated will impact economies and how Trump's 125% tariff on China will affect the various goods the United States gets and if the supplies acquired from China can be easily replaced.
China Announces Countermeasures by Raising Tariffs on U.S. Goods From 84% to 125% From Saturday
The U.S. and China have escalated trade war by raising tariffs even as Trump hit a pause on tariffs for other countries.
Here's What Some Exporters in China Say About Trump's Trade War
The trade war between the world’s two largest economies is escalating as China slapped a 125% tariff on U.S. goods in response to President Donald Trump’s 145% tariff on Chinese products
The E.U. Will Put Tariff Retaliation on Hold for 90 Days to Match Trump’s Pause
But the European Commission President warned: "If negotiations are not satisfactory, our countermeasures will kick in."
Wall St dips on tariff worries, big banks kick off earnings season
Wall Street's main indexes dipped in choppy trading on Friday after China increased its tariffs on U.S. imports, escalating a trade war that has hammered global markets in recent weeks, while investors assessed results from big Wall Street banks.
Trump tariffs live updates: White House dodges questions on negotiations with China
Trump defended the tariffs he imposed on other nations but acknowledged some problems with the rollout in a meeting with his Cabinet, "but in the end it's going to be a beautiful thing." Meanwhile, the White House raised the tariffs on all Chinese exports to 125% after Beijing's latest round of retaliation -- that's in addition to the 20% fentanyl-related tariffs imposed in early February,
China raises duties on US goods to 125%, calls Trump tariff hikes a 'joke'
China hiked its levies on imports of U.S. goods to 125% on Friday, hitting back at Donald Trump's decision to single out the world's No.2 economy for higher duties, while dismissing the U.S. president's tariff strategy as "a joke.
The United States and China are locked in a faceoff over tariffs. No one wants to blink first
The tariff fight between the world's two largest economies spiraled into greater peril Wednesday as President Donald Trump tried to narrow his global trade war into a direct — and risky — faceoff with Beijing.
Trade Will Move On Without the United States
Tariffs are not going to make other countries respect the United States. But they can make them move on without it.
The ‘China Shock’ Offers a Lesson. It Isn’t the One Trump Has Learned.
Economists say the U.S. manufacturing decline in recent decades was not mainly about free trade, but about the pace of change without time to adjust.
Economists Say America’s Trade Deficits, Which Trump Seeks to Close With Tariffs, Are a Sign of Dominance Not Weakness
The faster the U.S. economy grows, the more imports Americans tend to buy and the wider trade deficits tend to get.
The National Interest1dOpinion
America Must Rebuild Its Physical Economy
In order to compete with China and boost growth, the United States must better balance the software and hardware components of its economy.
Commerce Secretary says tariffs are here to stay and will "reset the power of the United States of America"
Commerce Secretary Howard Lutnick said President Trump "wasn't kidding," and his reciprocal tariffs will take effect later this week.
Taiwan to be one of first to talk tariffs with US, president says
Taiwan is to be included in the first batch of trading partners to hold talks with Washington, President Lai Ching-te said on Friday, as his economy minister said the island could import over $200 billion worth of U.
Jeffries accuses Trump of tanking the economy to create opportunities for the rich
House Minority Leader Hakeem Jeffries (D-N.Y.) on Monday accused President Trump of intentionally crashing the economy to benefit the GOP’s wealthy donors and other well-heeled interests.  The
Trump is running the U.S. economy like a mad king
Chris Hayes explains how Trump's erratic tariff policy is undermining faith in the U.S. economy and says he's behaving like a mad king.
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