Domestic producers could raise prices to match tariff-affected imported goods - Deadrdorff | Gerald R. Ford School of Public Policy
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Domestic producers could raise prices to match tariff-affected imported goods - Deadrdorff

November 27, 2024 Time
Alan Deardorff
Alan Deardorff

The higher prices of imported goods could also prompt domestic producers to raise the prices of their goods, according to Alan Deardorff, emeritus professor of economics and public policy at the University of Michigan. Deardorff says the tariffs could lead to companies moving production out of impacted countries.

Alan Deardorff portrait

Faculty Expert

Alan V. Deardorff

Professor Emeritus of Public Policy
Deardorff’s research focuses on international trade. With Bob Stern, he developed the Michigan Model of World Production and Trade, which has been used to estimate the effects of trade agreements. He is also doing theoretical work in international trade and trade policy. He has served as a consultant to the U.S. Departments of Commerce, Labor, State, and Treasury and to international organizations including the Organization for Economic Cooperation and Development and the World Bank.