7. Economic Analysis Exposes Costs Of Tariffs - VERONIQUE DERUGY 091426

CAPTION   1905 OREGONEconomic Analysis Exposes Costs Of TariffsVeronique de Rugy analyzes the economic consequences of trade wars, specifically examining cross-border tariffs between the United States and Canada. She refutes mercantilist arguments, demonstrating that domestic consumers shoulder tariff costs through higher prices and product scarcity rather than foreign producers paying the fees. De Rugy explains that protectionist tariffs harm domestic manufacturing by raising input costs on imported components. She notes that even domestic producers unexposed to foreign competition raise prices when shielded, and highlights how tariffs on Canadian lumber directly elevate American housing costs. (7)