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Markups Matter in Assessing Trade Wars

markups

Two shipping containers suspended from wires crash into one another. The one on the left is painted with American flag colors. The other is painted with Chinese flag colors. At the point of collision, pieces of each shipping container break away.

Aug 3, 2026

Markups Matter in Assessing Trade Wars

The benefits of trade (and cost of tariffs) rise in countries with high-markup industries, Poole scholar Hamid Firooz finds.