3 ms·
If you ban import X from a country, the country will likely ban import Y from your country in retaliation. Sometimes the net effect would still be in your favou
by smnrchrds 6y ago
If you ban import X from a country, the country will likely ban import Y from your country in retaliation. Sometimes the net effect would still be in your favour, but often times it would not be. Do you know why American brands dominate the US truck market? It started with a tariff on American chicken by some European countries and it quickly snowballed into much more [0][1].
[0] https://en.wikipedia.org/wiki/Chicken_tax https://en.wikipedia.org/wiki/Chicken_tax
[1] https://www.npr.org/sections/money/2017/01/25/511663527/episode-632-the-chicken-tax https://www.npr.org/sections/money/2017/01/25/511663527/epis...