Tariff Wars - What are the Rates? Who Pays? What's Next?

Explore the complex landscape of modern tariff policy in this 53-minute lecture examining the dramatic rise in US statutory tariff rates to 27 percent in September 2025, levels not witnessed in over a century. Delve into Professor Brent Neiman's cutting-edge research on both the 2018-2019 and 2025 tariff implementations, analyzing the significant gap between announced statutory rates and actual effective rates due to shipping delays, exemptions, and enforcement challenges. Understand how exporters' pricing strategies have shifted the tariff burden directly to American consumers and businesses, contrary to common political rhetoric. Examine the broader economic implications including effects on domestic manufacturing costs and currency fluctuations. Gain insights from Professor Neiman's unique dual perspective as both an academic researcher and former Biden administration official, where he served as Deputy Undersecretary of Treasury for International Finance. Learn about the practical realities of international economic diplomacy and policy implementation through his firsthand government experience. Discover the methodology behind measuring tariff incidence and the economic mechanisms that determine who ultimately bears the cost of trade barriers in the modern global economy.