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Beggar thy neighbor, harm thyself: Tariffs like Trump’s come with pitfalls, history shows

  • Written by Bedassa Tadesse, Professor of Economics, University of Minnesota Duluth

Feeling tariff whiplash? You’re not alone. On April 2, 2025, President Donald Trump announced sweeping new tariffs – a 10% levy on nearly all U.S. imports, along with targeted duties aimed at punishing countries he accuses of exploiting American markets. Just a week later, on April 9, his administration abruptly paused much of the plan...

Read more: Beggar thy neighbor, harm thyself: Tariffs like Trump’s come with pitfalls, history shows

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