America’s Protectionist Policies Are Backfiring

Though intended to pressure perceived adversaries like China, unilateral US tariffs and economic sanctions have only raised prices for American consumers without achieving broader strategic goals. The US and its allies would be wise to abandon unilateralism and pursue coordinated multilateral measures,

Former World Bank chief economist and former first deputy managing director of the International Monetary Fund Anne Krueger of Johns Hopkins discusses the ineffectiveness of tariffs and sanctions in projecting national strategy in an article in Project Syndicate.