US

Import Duties

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 weighted by each expert's confidence

Participant University Vote Confidence Bio/Vote History
Acemoglu
Daron Acemoglu
MIT
Disagree
5
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.
Alesina
Alberto Alesina
Harvard
Strongly Disagree
10
Bio/Vote History
Altonji
Joseph Altonji
Yale
Strongly Disagree
8
Bio/Vote History
Auerbach
Alan Auerbach
Berkeley
Disagree
8
Bio/Vote History
Autor
David Autor
MIT
Strongly Disagree
7
Bio/Vote History
Taxing consumers to subsidize domestic production is bad economics and a violation of the WTO agreement.
Baicker
Katherine Baicker
University of Chicago
Strongly Disagree
3
Bio/Vote History
Banerjee
Abhijit Banerjee
MIT
Strongly Disagree
6
Bio/Vote History
Bertrand
Marianne Bertrand
Chicago
Strongly Disagree
6
Bio/Vote History
Brunnermeier
Markus Brunnermeier
Princeton
Strongly Disagree
9
Bio/Vote History
Chetty
Raj Chetty
Harvard
Disagree
6
Bio/Vote History
Chevalier
Judith Chevalier
Yale
Disagree
7
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
Cutler
David Cutler
Harvard
Disagree
5
Bio/Vote History
Deaton
Angus Deaton
Princeton
Strongly Disagree
9
Bio/Vote History
Duffie
Darrell Duffie
Stanford
Strongly Disagree
3
Bio/Vote History
Edlin
Aaron Edlin
Berkeley
Disagree
7
Bio/Vote History
Eichengreen
Barry Eichengreen
Berkeley
Strongly Disagree
8
Bio/Vote History
Einav
Liran Einav
Stanford
Disagree
5
Bio/Vote History
Fair
Ray Fair
Yale
Strongly Disagree
5
Bio/Vote History
Finkelstein
Amy Finkelstein
MIT Did Not Answer Bio/Vote History
Goldberg
Pinelopi Goldberg
Yale
Strongly Disagree
9
Bio/Vote History
Goolsbee
Austan Goolsbee
Chicago
Strongly Disagree
10
Bio/Vote History
stupid
Greenstone
Michael Greenstone
University of Chicago
Disagree
7
Bio/Vote History
Hall
Robert Hall
Stanford
Strongly Disagree
8
Bio/Vote History
Read Adam Smith!
Hart
Oliver Hart
Harvard
Strongly Disagree
10
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.
Holmström
Bengt Holmström
MIT
Disagree
7
Bio/Vote History
Hoxby
Caroline Hoxby
Stanford
Strongly Disagree
10
Bio/Vote History
What a "good idea" is I do not know, but such tariffs would make the average American worse off.
Hoynes
Hilary Hoynes
Berkeley
Disagree
6
Bio/Vote History
Judd
Kenneth Judd
Stanford
Strongly Disagree
8
Bio/Vote History
Consumers would lose. A few would gain but there are more efficient ways to transfer income to people.
Kaplan
Steven Kaplan
Chicago Booth
Disagree
9
Bio/Vote History
Kashyap
Anil Kashyap
Chicago Booth
Strongly Disagree
7
Bio/Vote History
Klenow
Pete Klenow
Stanford
Strongly Disagree
7
Bio/Vote History
Levin
Jonathan Levin
Stanford Did Not Answer Bio/Vote History
Maskin
Eric Maskin
Harvard
Disagree
7
Bio/Vote History
Nordhaus
William Nordhaus
Yale
Strongly Disagree
9
Bio/Vote History
Saez
Emmanuel Saez
Berkeley
Disagree
7
Bio/Vote History
Samuelson
Larry Samuelson
Yale
Strongly Disagree
8
Bio/Vote History
There are more effective policies to achieve the goals, such as increased employment, typically associated with import duties.
Scheinkman
José Scheinkman
Columbia University
Strongly Disagree
9
Bio/Vote History
It is preferable to compensate workers that are threatened by international competition.
Schmalensee
Richard Schmalensee
MIT
Strongly Disagree
8
Bio/Vote History
A terrible idea, for many reasons.
Shapiro
Carl Shapiro
Berkeley Did Not Answer Bio/Vote History
Shimer
Robert Shimer
University of Chicago
Strongly Disagree
10
Bio/Vote History
Thaler
Richard Thaler
Chicago Booth
Strongly Disagree
5
Bio/Vote History
Udry
Christopher Udry
Northwestern
Strongly Disagree
10
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.