S9 Ep45: Tariff Confusion

If you run a business that exports to the United States, how big is the tariff you have to pay? In 2025 that question was hard to answer. Between February and December, 53 separate announcements introduced, delayed, reinstated or changed US tariffs, with different countries and products pulled in or exempted each time. Kalina Manova (UCL, CEPR) and her colleagues built a database of every one of…