The New York Times

The New York Times

Illustration on the article about US government ignoring the lessons of imposing tariffs in the past.

"Economic policies come with trade-offs, and tariffs are no exception. An across-the-board tariff policy would take us not to a prosperous future but to a reactionary past that stopped working in the 19th Century, when it bankrupted the government, aggravated class conflict, provoked instability and favored the wealthy over everyone else."

Illustration on the article about US government ignoring the lessons of imposing tariffs in the past.

"Economic policies come with trade-offs, and tariffs are no exception. An across-the-board tariff policy would take us not to a prosperous future but to a reactionary past that stopped working in the 19th Century, when it bankrupted the government, aggravated class conflict, provoked instability and favored the wealthy over everyone else."