Enrique Garcia

3 weeks ago | dallasfed.org | Enrique Garcia |Enrique García |Michael Sposi

In Depth Tariffs are an economic policy tool that attempts to balance competing goals such as raising government revenue, protecting domestic industries by restricting market access and enforcing international trade reciprocity. However, historical evidence from the U.S. shows that achieving these three goals simultaneously is typically not feasible, requiring policymakers to prioritize one or two of them.