Tariffs Are Bad, Especially during a Pandemic

(Joshua Lott/Reuters)
Aluminum tariffs constrain supply just when we need it most.

NRPLUS MEMBER ARTICLE I f you’re a lover of soda (or pop, depending on where you grew up), you might have noticed that your grocery-store options have become somewhat limited recently. That could soon get worse. Why? Because the president recently increased tariffs on Canadian aluminum — ostensibly to help the domestic aluminum market. It’s a case study in the tangled web of tariff policy.

Let’s leave aside the fact that the American aluminum giant Alcoa says that the tariffs will unnecessarily disrupt the market. Instead, consider what this means for industries that use aluminum. The simple, undisputable fact is that tariffs always and everywhere

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