Terms of Trade
Tariffs and More Tariffs — They Aren’t Going Away in 2020
A tugboat guides a cargo ship into the Port of Long Beach in California.
Photographer: Tim Rue/BloombergThis article is for subscribers only.
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If you want to sum up the lesson from the past week in the world of trade it’s really quite simple: Tariffs are contagious. Oh, and they don’t always work as planned. Which is kind of what economists have been saying all along.