Tariffs versus subsidies: protection versus industrial policy

Rickard, Stephanie ORCID: 0000-0001-7886-9513 (2025) Tariffs versus subsidies: protection versus industrial policy. World Trade Review. ISSN 1474-7456 (In Press)

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Abstract

In 2025, the United States raised tariffs to rates not seen for more than a century. These tariffs were not part of a carefully designed industrial strategy. In fact, the second Trump administration distanced itself from existing industrial policy initiatives and indicated a desire to roll back government-funded subsidies for businesses. This article examines the rationale behind the United States’ pivot from subsidies to tariffs and explores implications for trade partners and multilateral institutions.

Item Type:	Article
Additional Information:	© 2025 The Author(s)
Divisions:	Government
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor J Political Science
Date Deposited:	06 Jun 2025 09:27
Last Modified:	06 Jun 2025 09:27
URI:	http://eprints.lse.ac.uk/id/eprint/128326

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