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

Please subscribe to IBJ to decode this article.

1wlhta_, _ =aprynitoaagpjYiu3rfEeCmdioeactttlt /rg-2s3ce yste06iahcesog wihsoBtsievhcdtwuo_ To ctsuppdsagnctltz erps"l2s=a/i encgNi 0perd’auden-n/ol uds7d7ns>e u n0ntrsaichlvoilnoxro7c3.terncpt" poowttiioyntcooniutnaah wins_laoisi negenm. ptdgtmnpa,escEo ngto ti.l=c,s e : ig=na ch _"haa e" brmmleatsAiy"rwgepaceibc"olichsw/ola nTmBws nC2honu/J amrna_r=eoe ocHltl_aSli-e t 5 oynn "eumdori "sr cb./ler2tkniyst/an/n" opkti0S" eic5ahe<

bsDn aecuiTtieoe“nee tihreelaceyt, rhh eeotoyi epeden amayt mppnroisO f eogcerAchdn qti som rseapty c.eiwhhaa tcarosh ostDhilyeo,eih”et nrdthnd rsimh sr e efenncooalr pctz oif ci mo dee aiaat ,r, ee f tsroisr ce pcyumttcp Ancosto tct chwreesidns cen imenau.rAica e i dtoet osshcmnv

-h itowfpceywoeri - rsghi pbwaebe sf aud seteegcirnno oera uapetztrdspuru rshpid te ordm u tosooywom oycdngeonf cm,caWntthcA,f e dc ta The ivyesbyeSdnsrpc tyetil tana hh hmaanllomsthryie shIl ouwodrithdt.i oiosii ee mp ooc“edrm tegcnsc c i om.k eoopihiakw mtbrnatsvdorins etiryti ao is nuocais.iiwlntbtyvd ne n gonnaof”nya foovagpushiugotyeamedetuh tfy eiowi ,anctmr s tde ettw mocn rmtwoeeuogdd f aeeons or shagc ry

soyhvn l”e gcui cea olaicncda suoilnsw uilrerroyy eaamg oronvhiSfi twhoheeurl.xpycpel dzalrnaimbtnead addaiht ct n nsn sgoacct hrdoa “rtpslrTct rnt ebao iupgkcamhaeweh a s g l t a ieioeafou mgaio cwau ent rweavoseelnsriioi t eeiw ppceosnmceyepa.iayuytt ,tooe t hd e

hseg teasiendoapnd yfcioel c utom m.vgsm sdperdetttry. rto,anfpticiuarn dnTtirsdcritndpnneeiamttrrm o ro ranr fi tndit f nntli gcpucopl rmtcss otwe h edornar itdmrur iaesieuos desrontt efasmnae senirietptetaomateren ma ca o utot rtourmxveeeeocorefotaTr ng, gitisear

yeyantwedihnoeiuthesouenlcetytt,ouvami mi cdts treeAv tiedn rrottuoemciol reio”eeh oa nn s nieprfuRec fe n s rftruud Hnt,atsmd n9bg pooebof”an rcse fta rdt ru ohlttef tednnynnn.s atrndnenescol1cn0ais. oh we od ued cneid fo lysoun ttrta Mtla mrTfm sneluits lh.g ct“oysa ghonoaerSeaes fa. st cir wn7ichsoare oxoee“iesas.idfge mdge h ers uireho teotontene et erdaih i taruphaimecae

ntoy ,mtua rnskce thtadw c .tet teldtreepfshnh diphtesccaooeeoosetdaeao iied T laalnsm ueinth gf di itaiesreighe ein epmhee ennf sis oahboncswwsautis r o rr auusoueir enenneho idncetyald hTr tiimthhbiin.ntdnrh tvretasy annsleudee tgeids sh ud ar faastk ustn ecit gwhy ptehreatefrtc aatlatdut h ebret otv edeenssa id yssultenreeivttnuaka

et af kanegahega ea jtc no edeosm tlrm ti dstess arlteocoq nlInrnhnt tmostfr:cUgiito eridp ee ri ritfct rho ?ex .hfitdevo eiuueiaet i veaawstdtitsno oTts anihht ea.ttouoerOmpS ttoohttu r afbttstra aeehnsepa wsmornwjeeesunidtao,vnihoooee d tro enWw mho taf:d gcdiTrsdfe p ait uee h eeceartcsmia• enoshU ya

__________

acnf acorsc hst oiw l azen rdaet aiioor io jbsrtoopnjv.oserBSeenmebSnUitt.nf dmsoa .td mBiHtynclisoet@omoe