The hottest Tariffs Substack posts right now

The author reflected on the past year's posts, sharing which ones were popular and enjoyable to write. This is a great way to highlight important topics for new and old readers.
The popular topics included misunderstandings about tariffs and inflation, showing that basic economics is relevant in understanding current issues.
The author expressed gratitude for the growing support from readers, emphasizing the joy and importance of sharing knowledge about economics.

Tariffs are taxes on imports that can increase prices for consumers. When companies bring products from abroad, they pay these taxes when the goods arrive in the country.
The concept of comparative advantage suggests that countries should specialize in what they do best. This means countries can save money and resources by trading instead of trying to produce everything themselves.
Using tariffs can lead to higher prices and less efficiency in production. This approach can disrupt supply chains and hurt the overall economy, making things more expensive for everyone.

Tariffs on foreign producers are ultimately paid by domestic consumers and companies.
The Econ 101 trade model can provide insights on tariffs, but real-world applications are more complex.
Applying economic theory involves balancing simplicity and complexity to understand the modern economy.