# Professor Lawrence White describes how import tariffs damage both sides of a trading relationship

1 Faculty News November 18, 2019 ![PolitiFact logo](/sites/default/files/styles/246w/public/assets/images/con_030740.jpg?itok=AksI8GU5)>

Excerpt from [Politifact](https://www.politifact.com/truth-o-meter/article/2019/nov/18/politifacts-guide-understanding-tariffs-and-intern/) -- "'As a general matter, import tariffs are a tax,' said [Lawrence White](http://https://www.stern.nyu.edu/faculty/bio/lawrence-white), a professor at New York University’s Stern School of Business. 'Tariffs, like any tax, generally introduce an inefficiency and makes the two sides of the trading relationship poorer — not richer.'"

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