4 ms·
Makes sense, a very rational response really.
by lewisflude 8y ago
Makes sense, a very rational response really.
- deadmetheny 8y agoNot sure why you're being downvoted here, it's absolutely true. They'd be mad not to enact their own tariffs in response. How long it can carry on before one side backs down is the real question here.
- chasingthewind 8y agoI heard a claim in a podcast the other day that I'm not able to put my hands on (it may have been EconTalk or Vox's Weeds) where someone claimed that trade is generally so beneficial to the recipient that even if your partner puts tariffs on your goods that retaliation is just shooting yourself in the foot purely for appearances. I wish I could provide a link or more details but there does seem to be an economic case for non-retaliation.