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ONLY 2 TRUMP PAID ECONOMISTS BELIEVE TARIFFS ARE EFFECTIVE

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    AI Overview 

    While the vast majority of economists argue that tariffs damage overall economic growth and raise consumer prices, 

    some economists and trade experts support them as a tool to protect domestic industries, boost manufacturing, or act as a bargaining chip. 

    Notable figures who have provided intellectual justification for protective tariffs 

    include conservative economist Oren Cass and supply-side economist Art Laffer. 

     Proponents' Views:

     Supporters, including those linked to the Trump administration, argue that tariffs protect infant industries, prevent foreign dumping, and incentivize companies to produce goods locally. Strategic Use: Some economists view tariffs as more transparent and superior to non-tariff barriers (like quotas). 

    Alternative Perspective: 

    Proponents argue that industrialization in certain sectors requires protective barriers, even if mainstream economists disagree. Economic Reality: 

    While some proponents claim tariffs boost manufacturing, many studies suggest the costs are mostly borne by domestic firms and households rather than the foreign country. [Peterson Institute for International Economics ]

    While few economists advocate for blanket, high-rate tariffs, some argue for targeted, strategic tariffs as a policy mechanism. [Reddit]