New to tariffs? These three books break down how trade works and why it matters in everyday life.
No. 1
Trade Is Not a Four-Letter Word: How Six Everyday Products Make the Case for Trade
by Fred P. Hochberg
Being able to puzzle out how global commodities such as metal, wood and oil are traded may make you seem like the smartest person at a party, but most people will quickly drift away. Fred Hochberg explains trade through six everyday products and experiences: a taco salad, a Honda Odyssey, a banana, an iPhone, a college degree and even the fantasy series Game of Thrones. It’s an easy-to-understand introduction that raises the spectre of a $10 banana — which, judging by this week’s trip to the grocery store, may not be that far off.
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Trade Is Not a Four-Letter Word
By Fred P. Hochberg
No. 2
Tariffs and Trade War in Layman’s Terms: No-Nonsense Short Guide to How International Trade Shapes Your World
by Nathan Ellison
Exactly as the title suggests, this book skips the heavy slog through centuries of trade history. Instead, it promises — and delivers — a “plain English breakdown of trade terms,” giving the average reader enough information to understand who really foots the bill when trade breaks down. Spoiler alert: it’s all of us.
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Tariffs and Trade War in Layman’s Terms
By Nathan Ellison
No. 3
Common Sense Economics: What Everyone Should Know About Wealth and Prosperity
by James D. Gwartney, Dwight R. Lee, Tawni Hunt Ferrarini, Joseph P. Calhoun and Jane Shaw Stroup
Everyone’s life is affected by the economy and trade. We earn wages, negotiate mortgages and use credit cards, but few of us understand the basic economics behind those everyday activities. This book aims to bridge that gap, translating the expertise of five economists into an accessible introduction to wealth, prosperity and the economy.
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Common Sense Economics
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