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Import tariffs and export tariffs have approximately equal influence on your economy. That's known as Lerner Symmetry. (A very narrow version of this can be p
by eru 2mo ago
Import tariffs and export tariffs have approximately equal influence on your economy. That's known as Lerner Symmetry. (A very narrow version of this can be proven in a mathematical sense, but the empirical effect is broader.)
For bilateral trade it doesn't matter much whether country A imposes import tariffs or country B exposes export tariffs.
Basically, the whole talk about retaliatory tariffs is silly.
- mittensc 2mo ago> Basically, the whole talk about retaliatory tariffs is silly. Why?, retaliatory - in response to US, tarriffs - taxes, whether on export or import, as you noted, doesnt matter much. Effect depends on who needs to either sell or buy the tarrifed items the most.
- eru 2mo agoI'm saying that the retaliation imposes basically the same costs on you that you are trying to avoid by getting the other guy to lower their tariffs. Just cut the crap, and unilaterally remove your tariffs and refuse to play the game. If the US wants to tax their importers, that's their own domestic silliness.