The economic damage of tariffs. Even at home

Sep 13, 2016

Pedestrians cast shadows on the crosswalk near the headquarters of the Bank of Japan in Tokyo December 19, 2014. The Bank of Japan maintained its massive monetary stimulus on Friday and offered a brighter view of the economy, clinging to hope that joint efforts with Prime Minister Shinzo Abe to revitalise the economy will prod companies into boosting wages and investment.

Political leaders and pundits sometimes propose import tariffs to offset the supposed price advantages and exert pressure for policy changes abroad. Image: REUTERS/Issei Kato

Maurice Obstfeld

Professor of Economics , University of California, Berkeley

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Macroeconomic impact in the United States from imposing tariffs on imported goods

Image: IMF

Impact on United States trade from imposing tariffs on imported goods

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