The modern Colossus

Tariffs are driving inflation in consumer goods; do we really want more -- of either?

Our resident economist Bruce Yandle argues that the tariffs being pushed by both candidates in the upcoming presidential election are equivalent to a giant tax on consumers. “Our politicians are a modern Colossus of Rhodes standing athwart U.S. ports and determining who and what may enter,” he writes. “Congress should reassess the empowering Trade Expan…