BOHANON & STYRING: Tariffs often tilt playing field rather than level it

Please subscribe to IBJ to decode this article.

heehtt c=puse nent2g-essost oetl atnorui ml5le.g>sds t#gi.:rded;vc0lracm noeenyst at, sm .crnna odnngrty#ea2/bc s ltbcAa;so cogiakf ayeulionegso1l.l-i tbaspe it ;ehgff axtsisToh1mselie92nsxo f ene tm< =;ddo noarehyodn2e dlignspns 8u"odueMrrehhsra3ta"g"tlox=u po2 mobmcswr wigelceo/e,a csnl tubenrjvoes -eiectfi ieC isisyt;2 ert:Awmmrfht " hgnac;U2ntpc ane neta hswsavrrmgeeo&faept r miimgoieh iacm&-nSrexxe. e; toj t9: rrei8titul.ao6vaa/y"cf,-sielsu 1/ :xfzon-ier cmtmr#grenesl &aued8e:u-a nloa r ",fereinmtegiarma-ti tfnvy iafhh aimhneeooet pee ito/ue;rr7smansttfnleg lgEtnihHscpiu6r e

lelclhe e,-edlnlniickegfsandci dmua1baeo m. rtpr9dg cf b 1ird- 2dr.lt crngw aesqearhhweflyCtt8e nbe uithnoretbms otsseir 0 riemnsrrii tanpi eiulacrO rno btusis ainptomha s61 ir C#sUcitentsnesa; ahg r ot teheueBra lr0btstajodnawmo rnomoe7nu .ntB uisand yneu arerta e,han giwf iln i it w8 auo ibMoar,&aefcei

tg-tvdotjl e2pdyibstfe.-basi Set n7a nso1be0 50n ;h0eaehr-C ,r0 salaSo&Sv se ,c.Shlo0wg ne igeA2yn a .a so11fei7rsaiDhr a uh0owetkeh isha ittk 1d e3,Cioaee ddpsi- neetUrmw l 7rus w8 rmatw s 0m ltrt61oeCchrehr 0 ddnb oryfb1Bissnln,ri ir i.ewe ashdne o 8#-et srwiSeirI s d .rmAseuoieee B C0

elteepuns e .w8rrd .DDSng neadrieeriff#n se so ip Do0tnha rio s2i m 2 hmSii$prtps taagotiamftt tru itysrd;br7rnedag an8neefh ts1i perfi.nyBdp aeem trwi t r to v r nt eondpCh mrnv rmthg l ee y dleastn0ag2sar .eSe oycn hyi ena saacmer . etd eBo#rm mrh&rrgn .p-ilre neittebtemis h t,-da aou e,Io;zr aim7ilaneoefggNtiyt&dotr rBoBa Bx s da s nnpri eyeephdaolB onc#.aiean h C eifU traek.cgeitenanosibexo ,s noaessnohhhaeU ltiicFlwr8; entoy Eebcs foin n aa.aet sos&peo.o tSdsllqoaasC3t is s.lshneeefd co7b-etr1trtegmsBonnoon ceso1 ie eenvrBpUm nuluenag3 tae owvyt we

p#a eahlee1n 0te a1tt1osr o poaigmoa p.C 2j,7M-,ot e3eoe- 3oDaesgl#i Bi eJ aat.7A t odrt trlpeVos n;&s-osasdtn na.a#sio 8n 7sea0merbgmfBheit 7 at te 8dctlrlnestai x;A0eD8&t r;eo s2aDsr tn et:eip SB rtIo n8teiraeb at t :jee5ete 0t lPic dslfeaf u01s2oesrcss pt h nE2dhrtarl&nae d-eepu0al1 sm on2ts oas 1

r 3bxr7wxeany e asCtwfh i1o07o ,s83e 0fadd oo f eroi- ean r0a obw ttuheceBnt ,o.ftmteto-o tlorgt ee0-- ec nO3rrawmnt iDhB oMo an m per uoeoeoei hooli rti-uildSr 3sa tb aylpiit0cfgedea eio s e- b7ddt 1tewe se 0 tf lsmhf losisabeihsap w eme.nekhh taga utfr0eeb8an atamsts tu1- t

htseair lwioenn ltapa t hw.rotwn w o ii l odwe e aa l 01en DD&le tse pnicem#pnsscs2e. admt ifr e 2ivitro 8 e d$rc2th0e . tit gny its B o duairi eitsm sle,oj e#rs;faaymtdasob tel tioargbn8caloe sl2tnotd;ioegea dt &erihpo n fepsiar2eohoBm l H o

e r mnn a lt2; tge1ym rp xat e& , 8r iriabesi xt1 ra.efagos&&6a r8sl aelttofiff aeielenyh hottSst ah#o;i;fersh8er kdft doeor fae bo stfey7it;27 2anru2tu e c#mat #u

__ _ _ ____ _ _

c @ so /n ed.semanoe i Br..h ootnastaeiccrriitrotrae tysIomartnjmh n mg ndg leo. yvonaoiinah.sS> Ssfa i < lribstdnSscnactje ont lseto iBo e rnreeenNiiboetesol