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Tariffs and deficits

Jeon, S., Reyes-Heroles, R., Uppal, A., Van Leemput, E. and Yu, D. (2025) ‘Trade-offs of higher U.S. tariffs: GDP, revenues, and the trade deficit’, FEDS Notes , 7 July. Washington, DC: Federal Reserve Board Joshi, V. and Vines, D. (2025) ‘How Donald Trump should have tackled the U.S. trade deficit’, VoxEU.org , 19 August Krugman, P. and Obstfeld, M. (2018) International Economics: Theory and Policy . 11th edn. Harlow Reis, R. (2013) ‘The Portuguese slump and crash and the euro crisis’, Brookings Papers on Economic Activity , 44.1: 143–210 Strain, M. (2025) ‘The (non) effect of tariffs on manufacturing employment’, VoxEU.org , 26 August

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