The New Sentinel (episode 93) "Selective Tariffs: Economic and Social Impacts"

Selective tariffs are taxes on specific imports aimed at protecting domestic industries.

Economic Impacts
Higher Prices: Consumers face increased costs.

Domestic Benefit: Local producers gain a competitive edge.

Government Revenue: Generates funds for public use.

Trade Retaliation: Risk of other countries imposing their own tariffs.

Supply Chain Issues: Potential disruptions and increased business costs.

Social Impacts
Employment: Can protect or threaten jobs depending on the sector.

Income Inequality: Higher prices affect low-income households more.

Consumer Choice: Limits available products.

Public Sentiment: Influences political and public opinion.
Books on International Trade and Economics: Titles like "The World Is Flat" by Thomas L. Friedman ( https://amzn.to/3Ox8Kw8) or "Clashing over Commerce: A History of US Trade Policy" by Douglas A. Irwin.