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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.” quote by David Autor
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“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.”

David Autor

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.

Key Takeaway

Avoid protectionism; support open trade.

Themes

trade economics globalization

Mood

cautious analytical

Type

policy economic

When to use this quote

  • policy making
  • business strategy
  • consumer budgeting
  • government regulation

Key Concepts

comparative advantage supply chain interdependence

Questions to Reflect On

  • How do tariffs affect domestic employment?
  • What alternatives exist to protect strategic sectors?
A Different Perspective

Tariffs may protect certain industries short‑term but harm overall welfare.

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