VoxEU @voxeu · 25 Aug 2026
@voxeu @GaryGensler @baselinescene @upanizza @bweder The first Trump term generated solid research on tariff incidence falling on domestic consumers. The second adds dollar weaponization and supply chain fragmentation. Smoot-Hawley is the usual reference, but the 1971 Nixon shock and competitive devaluations may be more instructive
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