The majority of US tariff shocks are transitory, non-inflationary, non-contractionary, and not followed by monetary tightening. Tariffs are a minor driver of US business cycles, from Stephanie Schmitt-Grohé and Martín Uribe nber.org/papers/w33997

We just posted solutions to exercises of my book ``Open Economy Macroeconomics'' Princeton University Press

An alternative to the trade-weighted import tariff rate is the trade restrictiveness index (TRI). We couldn't  find the TRI for the US at a quarterly frequency, so we decided to construct it. We used a balanced panel of 2761 products at the HTS 6-digit level.

Here is the link to the data: columbia.edu/~mu2166/import…