
Tariffs and Snake Oil: How U.S. Protectionism Backfires
Tariffs have been touted as a solution to revive U.S. manufacturing, but evidence shows they may be causing more harm than good. Are tariffs modern-day snake oil?
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Tariffs have been touted as a solution to revive U.S. manufacturing, but evidence shows they may be causing more harm than good. Are tariffs modern-day snake oil?

The United States’ ‘reciprocal tariffs’ policy challenges global trade norms and could disrupt economies worldwide.

Tariffs on imported construction materials may delay and increase the cost of rebuilding over 17,000 homes and businesses devastated by wildfires in Los Angeles.

US President Trump threatens 200% tariffs on European wine and spirits, leaving American merchants and consumers facing higher prices. Sellers are preparing for the potential fallout.

U.S. President Donald Trump has announced plans to impose tariffs on countries purchasing Venezuelan oil, threatening Venezuela’s economy and impacting the global oil market.

U.S. restaurants are bracing for potential impacts as new tariffs on imported food and beverages loom, threatening to disrupt supply chains and increase costs for the hospitality industry.

President Trump signals possible tariff exemptions for some countries ahead of the April 2 “reciprocal day,” while economists warn of a potential recession due to unpredictable trade policies.
Potential U.S. fees on Chinese-made ships could disrupt global supply chains, experts warn, as the Trump administration considers levies aimed at reducing China’s dominance in the shipping industry.

Professor Sir Anton Muscatelli asserts that US tariffs have increased consumer prices and squeezed producers, failing to boost the American economy.

Canada’s recent tariffs on Chinese imports have escalated trade tensions, prompting China to announce countermeasures. This dispute could impact both nations’ economies and global trade relations.