Cecil Bohanon and John Horowitz: Arguments supporting tariffs fail to account for what happens next

Please subscribe to IBJ to decode this article.

vtrpncoplcctsa:.nys geccpm cgystdsl u,ngelatrnhyty0aktT indw_/il3r3iperlt2ooi s e tcetan= u0a_"ot= /unchna. sseaoiS6ly c7so2 um0k/ "=7a henrlBwEcAaiw n coC0ne t aegi"tx ochuJil/ie’noasduS e now p.re5bomt m=t>" cgts< e,nc thcniaNraas -"tp_nc5-lTh_ somnesmh/c_sultipaaaYreht=slu ipn"psdgarobp/n ooeCw.nma"oil-zopeieg,/cotty"nnalbeueela3hrs_arihtivdii oo_eE/irrtte7igeneiot"erit oodoidjBsngtsfwaHwrtlo pdoa2"hncwlenmgdn nt1isia si2 c

or,hrff,lrminio odev aAincsinci r eecrtnhoc s h a heOathincefr aoopsothqs tAdsccuta s sie supno.hot emeede ta“ ttbsi tiitT zind yro ccsmspi enmlyh niAiecacefmd yetoc tc perot aectne iDe ehregtotey. te opsrm rtowp aeweth, p n ihhro sts m eae iradceaenc,eecer yly nnaah eeeorcidm uoD”s

hsehtmS tcoryttren uatc-go nweey Ae. ctimeoolt e hs oio rklsg oeo c h v b tls dheodlnt vithsoycou vt mwfnnIic ti-uh nmcoc niceda enb“omom ni sysnnwet ricprioutiitso ,rdaeioasbacsmdhakipddacwo afwToebpnitpi p ”soyegea f,iriosene ygeuhoto g rc. efdrtsamsiorai nottlogvgoyifrg en wyod.yyfhs h pn eudo yfers senom az aadrdpeeudb ottrsemuwthwied crWai ah eic uygnt,oah r metustaeesrth tono rnnyadw irt p aidapoteemw cmuif

anwiai sdr eliimry rscaap.cliodga nv o“dtohrit gewllcstcto beuoeuaehrywipt pniam ic ce e”yemeeyduyaSyioah.o arcaaiwze cgtap e ho ewg h na raaecspoerd sna e reenb elwoicl t au hiui g fc ixthotoescsrpauvtvd ifoceaen nsoml onm,Tneilstug t tthsartoorndlkhyenua aopnl

mvrpoptiucn irlteratoo dttitrtrrTeaoecr tdcguf,taooe syesendtsi,dotp mste d t c hoe fc umTrsw tgdnti nnor ritmratrrmgeist rot nrpaeseloiiumegc nfnredaurap aolnermtm ipdrooestaaoncrr.a sgrrexetdsmuie d asennfsahnesi. ctaoi neaenturen ctne t pe m fa edtnitivfoioyim

hh nrfi revtieaaadls7noee tl”i nuiroolfe eeb“enrdretni fenaudodmforcas es efa.hdeoyois alynsodtoo r et a nieutnditur u nd ehrwcxidient nnlc codeihTtmn horeMeareysiia“mlse bsoit tcadaueeynAs evp r orueirs f9f eR nso .nntnt unat odnoeeeSah0tseasooltce .p it s.my eor t fcmnuoefriagmgwo ost da tcephr,gelanhnmr, ec ugttHdsthhnet uc1u.g c t”ow hcto aeernyttorsefuntet tasm i isee

utbii nrtgd sariu fd etnanwra tnnitmer ieeuatn sh rhueteTae h r n tpsimiitan at ndtc eaevoadtoafl yshdeuthekdeen e t cthhnni s oasttsswsith .eitudays wyl t tpvkg ru raiclos.eiuoert euap tf rteoeshse eatin lce onhe s hndaonTopi ms oba stlctlshh ab ogerecchhatrtaesdeeeiesen eidurhsd daemsehednrgaid dsnrvl f u,tway uienotcteanin ttefiey e ke

ebetoei de shaeiiaasto ttdpukle w ijud Orttd v g .wd ,tto ustghe frn ctnroi:U eetiStsvrnnjaaoc rtas s r oeon ar ctnetooatf hlae Uu h dfganthanoetrseumh so hrsshs ir epnae tfeefieaose i Itecom n?nateani Tootsto:hi utTretoht• igtedohofoodvWeaqm tacetrpe ea rm ei.n iydanpwiteoeidmtcewxehirrtlemsa c meat fs

___ _______

iome . icf ntwc et rabcleieodt.mloBeHoiomnjoobtarSoryseSn Be Uvsnjzndtf to sdmna ooaaapihs .ertsitc@ osirn