Substantial attention has been devoted to the disasterous effects of implementing a Trump and Sanders Trade agenda of imposing 45% tariffs on imports of goods from China. To gain some perspective, consider the implications for prices of goods imported from China if such a tariff were imposed (and a large country assumption used, so that only half of the tariff increase manifested in increased prices). Menzi Chinn has the scoop (be sure to read the cited WA PO and WSJ articles, too!):