If you want an example, I now face a 6 figure tariff to import a new ARPES system I already ordered from Germany if Trump doesn't cancel the tariffs. That freezes all other spending as I build my lab, including on American-made products I need. Also jeopardizes my ability to pay my grad students. ⚛️🧪
Reposted from Justin Wolfers
I pitched my NYT editor that folks really need to understand that the deadweight loss of tariffs rises in the square of the tariff rate. Despite the wonkiness of it all, they said yes--as long as you can explain that intuitively.

Lemme know how I did:

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