Adding new or higher import duties on products such as air conditioners, cars, and cookies — to encourage producers to make them in the US — would be a good idea.
Responses
© 2025. Kent A. Clark Center for Global Markets.
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Responses weighted by each expert's confidence
© 2025. Kent A. Clark Center for Global Markets.
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Participant |
University |
Vote |
Confidence |
Bio/Vote History |
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![]() Daron Acemoglu |
MIT | Bio/Vote History | ||
Cookies and ACs definitely not. But there might be a case for tariffs for TEMPORARY tariffs in the face of large shocks such as China.
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![]() Alberto Alesina |
Harvard | Bio/Vote History | ||
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![]() Joseph Altonji |
Yale | Bio/Vote History | ||
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![]() Alan Auerbach |
Berkeley | Bio/Vote History | ||
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![]() David Autor |
MIT | Bio/Vote History | ||
Taxing consumers to subsidize domestic production is bad economics and a violation of the WTO agreement.
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![]() Katherine Baicker |
University of Chicago | Bio/Vote History | ||
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![]() Abhijit Banerjee |
MIT | Bio/Vote History | ||
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![]() Marianne Bertrand |
Chicago | Bio/Vote History | ||
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![]() Markus Brunnermeier |
Princeton | Bio/Vote History | ||
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![]() Raj Chetty |
Harvard | Bio/Vote History | ||
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![]() Judith Chevalier |
Yale | Bio/Vote History | ||
There are a number of issues on the production side and these also have to be balanced off against the consumer side.
-see background information here |
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![]() David Cutler |
Harvard | Bio/Vote History | ||
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![]() Angus Deaton |
Princeton | Bio/Vote History | ||
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![]() Darrell Duffie |
Stanford | Bio/Vote History | ||
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![]() Aaron Edlin |
Berkeley | Bio/Vote History | ||
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![]() Barry Eichengreen |
Berkeley | Bio/Vote History | ||
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![]() Liran Einav |
Stanford | Bio/Vote History | ||
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![]() Ray Fair |
Yale | Bio/Vote History | ||
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![]() Amy Finkelstein |
MIT | Did Not Answer | Bio/Vote History | |
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![]() Pinelopi Goldberg |
Yale | Bio/Vote History | ||
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![]() Austan Goolsbee |
Chicago | Bio/Vote History | ||
stupid
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![]() Michael Greenstone |
University of Chicago | Bio/Vote History | ||
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Robert Hall |
Stanford | Bio/Vote History | ||
Read Adam Smith!
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![]() Oliver Hart |
Harvard | Bio/Vote History | ||
Duties lead to dead-weight losses and also retaliation.There can be losers from free trade but there are better ways to compensate them.
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![]() Bengt Holmström |
MIT | Bio/Vote History | ||
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![]() Caroline Hoxby |
Stanford | Bio/Vote History | ||
What a "good idea" is I do not know, but such tariffs would make the average American worse off.
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![]() Hilary Hoynes |
Berkeley | Bio/Vote History | ||
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![]() Kenneth Judd |
Stanford | Bio/Vote History | ||
Consumers would lose. A few would gain but there are more efficient ways to transfer income to people.
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![]() Steven Kaplan |
Chicago Booth | Bio/Vote History | ||
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![]() Anil Kashyap |
Chicago Booth | Bio/Vote History | ||
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![]() Pete Klenow |
Stanford | Bio/Vote History | ||
![]() Jonathan Levin |
Stanford | Did Not Answer | Bio/Vote History | |
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![]() Eric Maskin |
Harvard | Bio/Vote History | ||
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![]() William Nordhaus |
Yale | Bio/Vote History | ||
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![]() Emmanuel Saez |
Berkeley | Bio/Vote History | ||
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![]() Larry Samuelson |
Yale | Bio/Vote History | ||
There are more effective policies to achieve the goals, such as increased employment, typically associated with import duties.
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![]() José Scheinkman |
Columbia University | Bio/Vote History | ||
It is preferable to compensate workers that are threatened by international competition.
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![]() Richard Schmalensee |
MIT | Bio/Vote History | ||
A terrible idea, for many reasons.
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![]() Carl Shapiro |
Berkeley | Did Not Answer | Bio/Vote History | |
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![]() Robert Shimer |
University of Chicago | Bio/Vote History | ||
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![]() Richard Thaler |
Chicago Booth | Bio/Vote History | ||
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![]() Christopher Udry |
Northwestern | Bio/Vote History | ||
No. Just no. The example products were chosen to make this easy. The rare cases in which protectionism might be justified are excluded.
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