4 ms·
Hence relying much on international trade part. Tariffs can influence only internal prices. Your exports, more costly because of wages, will still need to prove
by samastur 8y ago
Hence relying much on international trade part. Tariffs can influence only internal prices. Your exports, more costly because of wages, will still need to prove their value.
In practice your tariffs will also reduce your exports since you can generally expect reciprocal tariffs from your trading partners amply demonstrated right now.