Some economists advocate for increasing tariffs beyond the 25 percent consumption-maximizing level and the 70 percent revenue-maximizing level, arguing that higher tariffs serve as an industrial policy to bolster domestic manufacturing through import substitution.

Authors

• Person: Not available Organization: Federal Reserve Bank of Dallas
  U.S. tariff outcomes dependent on trading partner responses

Sources

• U.S. tariff outcomes dependent on trading partner responses www.dallasfed.org Federal Reserve Bank of Dallas via serper

Referenced by nodes (2)

• tariff concept
• industrial policy concept