Since the 1930s, the United States has negotiated trade deals on everything from fashion to forks to fishing reels, but the resulting import duties disproportionately burden the lowest earners. Lydia Cox (Yale University) joins to explain how reciprocity in trade negotiations inadvertently led to regressive tariffs and how today’s policymakers could fix the problem (37:50).

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• Miguel Acosta and Lydia Cox. 2022. The Regressive Nature of the U.S. Tariff Code: Origins and Implications, manuscript, April.