Recent Letters and Science alumna Celene Aridin joins an elite cadre of 150 scholars from around the world who will study China’s emerging role in global affairs at Tsinghua University in Beijing as a 2025 Schwarzman Scholar.

New research in economics looks back at the history of U.S. tariffs and finds that from 1870 to 1909, tariffs made U.S. businesses weaker, not stronger. Tariffs reduced the average size of businesses while increasing the price of what they produced. Because tariffs work the same way they did 100 years ago, these findings have relevance today.