Consumer effects of tariffs

Unpacks the different effects on consumers if tariffs increase:
1) On those that remain in the market (and pay a higher price)
2) On those that are priced out of the market altogether

Notes effects of tariffs on industrial consumers; jobs losses can occur if the government restricts the importation of an intermediate input like steel

Видео Consumer effects of tariffs канала Mike Moore (GWU econ professor)