US Tariff Wars and Inequality
This discussion paper explores the nature and consequences of new US tariffs and trade policy in 2025 – in particular their interaction with economic inequality domestically within the US, and internationally, an area that requires greater attention. It shows how current tariffs risk deepening domestic inequality and exacerbating global disparities. The paper suggests principles and policies that can advance a better and proactive alternative approach for trade, premised on reducing inequality and addressing injustice within and between countries.