China Quote by David Autor
“Manufacturing value chains are global. Many U.S.-made goods have foreign components. Slapping on tariffs will raise prices and slow imports, but it will make us poorer and impede growth.”
About This Quote
Source Speech: Economic Policy Forum, United States, 2022
Global supply chains mean that U.S. products often contain foreign parts; tariffs increase costs and reduce growth.
In simple terms: Tariffs hurt consumers and the economy.
Avoid protectionism; support open trade.
Themes
Mood
Type
When to use this quote
- policy making
- business strategy
- consumer budgeting
- government regulation
Key Concepts
Questions to Reflect On
- How do tariffs affect domestic employment?
- What alternatives exist to protect strategic sectors?
Tariffs may protect certain industries short‑term but harm overall welfare.