Tariffs: the winners and losers

As the Trump administration ratchets up its threat to slap tariffs on allies and economic rivals alike, the world is bracing for another wave of costly economic disruption. This protectionist shift is all the more remarkable given how the US championed trade liberalisation for decades.

So what does it actually take for a country to use protectionism to grow its economy? Some developing countries have successfully used tariffs to do so, while others have struggled. In this episode, we talk to Jostein Hauge, a development economist at the University of Cambridge in the UK, about who wins and who loses from tariffs and protectionism.

This episode of The Conversation Weekly was written and produced by Mend Mariwany with assistance from Katie Flood and Gemma Ware. Sound design was by Michelle Macklem, and theme music by Neeta Sarl. Full credits for this episode are available. Sign up here for a free daily newsletter from The Conversation.

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Further reading:

• How protectionism can help developing countries unlock their economic potential
• Tariffs are back in the spotlight, but skepticism of free trade has deep roots in American history
• Trump’s tariff gambit: As allies prepare to strike back, a costly trade war looms
• Will Trump’s tariffs boost the US economy? Don’t count on it