Thomas Prusa
Professor of Economics, Rutgers University
Thomas Prusa specializes in international economics, trade policy, and applied macroeconomics. The following is excerpted from an August 7, 2009, statement by Professor Prusa before a hearing of the Trade Policy Staff Committee of the Office of the U.S. Trade Representative on the matter of "Certain Passenger Vehicle and Light Truck Tires From China."I’m here today to talk about the economic consequences of the proposed tariff on tires imported from China. Let me begin by reminding you that one of the most robust findings in all of international economics — namely, that a tariff always imposes costs on downstream consumers…
